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Updated over 8 years ago on . Most recent reply

User Stats

1,750
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880
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Matt Motil
  • Rental Property Investor
  • Cleveland, OH
880
Votes |
1,750
Posts

28% Return in "B" area, currently off-market, don't sleep on this

Matt Motil
  • Rental Property Investor
  • Cleveland, OH
Posted
Gorgeous, well maintained two family in “B” Euclid area of Cleveland.


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!

Click here to be added to my mailing list

Offering

Most Popular Reply

Account Closed
  • Wholesaler
  • Saint Louis, MO
49
Votes |
312
Posts
Account Closed
  • Wholesaler
  • Saint Louis, MO
Replied

@Matt Motil Hi Matt. I am looking to get into the Cleveland market. Want to connect?

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