Updated almost 9 years ago on . Most recent reply
25% Cash on Cash Return, Cleveland SFR in B- Area!
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Well maintained single family in “B”West Park area of Cleveland.
Off-Market True Turnkey Investment Opportunity!
Clean point of sale inspection, all work is done for you!
Great cashflow investment property. 2 bed/1 bath near trendy Kamm's Corners (West Park) area of Cleveland
This is a cash deal, but easy to refinance cash back out after closing! Need a Lender? I have many to set you up with that love investors!
Need a Property Manager? No problem! Property management ready to go!
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.
Financials:
Purchase price: $41,000
Rent: $650
Vacancy: $39
Maintenance: $18
Management: $61
Cap Ex: $31
Taxes: $105
NOI: $354/month $4,252/year
ROI: $4,252/41,000 = 10.37%
Assuming 80% loan to purchase price refi after closing at 4.5%: 25% ROI
Click here for a prospectus report, comps and additional pictures on this property
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 and Columbus Ohio!
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!