Updated over 9 years ago on . Most recent reply
30.4% CoC Returns! Off Market. Euclid OH suburb of Cleveland
Turnkey Rental Property - Everything has been done on this house! Contact me for address. Click Here for Photos
Euclid is a C+ neighborhood in the Cleveland Market.
Updates Include: New Roof, Replacement Windows, Vinyl Siding, Basement Waterproofing, New Driveway, New Doors, Updated Panel, New Water Tank, Glass Block, Rebuilt Garage, Rebuilt Front Porch, Paint, Carpeting, Flooring.
Long Term Tenant in Place (5 Years and Counting)
-Gross Income= $600/month ($7,200/year) ~ possibility to increase
-Taxes= $1,682.34/year
-Management 10% = $720/year
-Insurance= $360/year
-Maintenance= $360/year
-Net Income= $4,078/year
-Price= $30,000.00
Cash on Cash Return = 30.4%/year
-Down Payment 25%= $7,500
-Assumptions - Interest 7% and Term 30 Years
-Debt Service - $149.70/month ($1796/year)
-Cash Flow - $2,282/year
We have multiple opportunities available. For more information Call Nick 216-233-5003 or email me [email protected]
*wholesale deal: presenter is offering rights to purchase agreement via contract assignment and is in no way acting as an agent or fiduciary for the current owner or end purchaser of this property.
Most Popular Reply
Just being conservative, the last thing I want is to overstate myself. I'm in Euclid pretty frequently meeting with sellers. I agree, some areas are better than others... Thanks for the advice I'll definitely take that into consideration.