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Updated over 8 years ago on . Most recent reply

28% Return in "B" area, currently off-market, don't sleep on this
Currently off market!
Great cashflow investment property. Owner has recently put many thousands into renovations. This property is in Euclid, a B neighborhood in the east suburbs of Cleveland.
If I didn't live on the other side of town, you wouldn't even be seeing this because I would have bought it myself. This is how nice it is! If you've been on the fence about investing in Cleveland, this is a home run! Nothing to do but place tenants and collect high rents! Each unit will rent for $850/month!
Need a Lender? I have many to set you up with that love investors!
Need a Property Manager? No problem! We have you covered with a national name you can trust, Keller Williams!
I’ve been investing in real estate for almost 17 years and have helped many investors (in-state and out-of-state) invest in the Cleveland marketplace.
My investor list received this opportunity yesterday! Get on my list to make sure you get the hottest deals before anyone else!
Financials:
Purchase price: $79,900
Down Pmt: $19,975 (assuming 25% down)
Rent: $1700
Vacancy: $85
Maintenance: $81
Management: $162
Cap Ex: $81
Taxes: $300
Utilities: $80
NOI: $812/month $9,746/year
Debt Service: $304/month
Cashflow: $508/month or $6,102/year
ROI: $6,102/21,573 = 28.3%
Paying all cash? This deal is 12.2% return in the first year!
Click here to schedule a time convenient with you to talk about this or other great deals!
If you've been looking in Akron, Memphis, Nashville, Denver, Indianapolis, Dayton, Toledo, Pittsburgh, St. Louis, Kansas City, Atlanta, Charlotte, or other cities for Turnkey opportunities, you're missing out if you aren't looking at Cleveland!
Turkey rentals without the turnkey price! One stop shopping!
I've helped many Bigger Pockets investors grow their portfolios in Cleveland and I want to do the same for you!