Price Reduced! 11% Return in A- area! DON'T MISS THIS!
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Well maintained Duplex in “A-” Parma area of Cleveland.
My contractor and a third-party inspector toured the property and the only work needed right away is adjustment of the gutter on the back of the house and a new electrical panel!
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:
ARV: $115,000
Purchase price: $79,900
Initial repairs: $1500 (750 for new electrical panel & reworking back gutter)
Rent: $1275
Vacancy: $38
Maintenance: $25
Management: $124
Insurance: $80
Cap Ex: $62
Taxes: $193
NOI: $754/month, $9,044/year
ROI: $9,044/$81,069 = 11.2%
Click here for a prospectus report and additional pictures on this property
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