Cleveland Turnkey Duplex, 35% ROI, will move fast!
West Park area of Cleveland.
Great cashflow investment property. Owner has recently put many thousands into renovations. This is centrally located at West Park neighborhood of Cleveland. Waterproofed basement, vinyl windows, updated electrical and more!
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.
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Financials:
Purchase price: $61,900
Down Pmt: $9,285 (assuming 15% down)
Rent: $1300
Vacancy: $104
Maintenance: $60
Management: $120
Cap Ex: $120
Taxes: $135
Insurance: $100
Utilities: $80
NOI: $582/month $6,981/year
Debt Service: $274/month
Cashflow: $307/month or $3,687/year
ROI: $3,687/10,523 = 35.0%
Paying all cash? This deal is 11.1% return in the first year!
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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!