Updated about 9 years ago on . Most recent reply
MULTI-FAMILY 40% CoC CLEVELAND. 50% OCCUPIED @FEDTHEREALTOR
DISCLAIMER: HOLTON-WISE PROPERTY GROUP WILL NOT BE MANAGING THE PROPERTY. JUST THE SALE OF THE PROPERTY
| Great Investment opportunity, with new newer windows, newer furnaces. Property is currently occupied with one tenant paying $527/month through CMHA. One new furnace was installed last year, other had newer blower installed. Both water tanks are less than 10yrs old. Could easily get your $1000/month and make your money back in 3yrs! Upstairs has been freshly painted. |
Assuming 4.5% interest, 30 year mortgage & a 25% down payment.
- Down payment $ 29,900.00
- Up Front costs $ 3,000.00
- Estimated Yearly Rents $ 12,000.00
- Estimated Yearly Expenses $ 4,500.00
- Yearly Debt service $ 1,363.49
- Net cash flow after expenses & debt service $4,636.51
CASH ON CASH RETURN 44.3%
Contact @Federico Gutierrez to set up your free tour of the available real estate in the greater Cleveland, Ohio area. Don't sleep on this one, it will be sold quickly.
www.HoltonWisePropertyGroup.com
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