Double in Lakewood, OH. B Grade Area. 13% CoC. Fully Rented
| Nice opportunity for rental income in one o the hottest market of 2016, Lakewood OH. Both units are currently occupied. with UP paying $700 and DOWN paying $650, has an additional room. All appliances stay in UP unit stay, including washer and dryer for each suite. Walk to stores and shopping in W 117th and Detroit Ave. Shared driveway with 4-family next door. One new furnace and Hot Water tank installed last year, new windows installed in 03/04. Double car detached garage with newer garage door. |
Assuming 4.5% interest, 30 year mortgage & a 25% down payment.
- Down payment $ 26,750.00
- Up Front costs $ 2,000.00
- Estimated Yearly Rents $ 16,200.00
- Estimated Yearly Expenses $ 8,100.00
- Yearly Debt service $ 4,514.57
- Net cash flow after expenses & debt service $3,585.43
CURRENT CASH ON CASH RETURN 13.4%
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.
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