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Updated about 8 years ago on . Most recent reply

User Stats

2,081
Posts
857
Votes
Federico Gutierrez
  • Realtor
  • Cleveland, OH
857
Votes |
2,081
Posts

Double in Garfield Heights. 19% CoC! @FedTheRealtor

Federico Gutierrez
  • Realtor
  • Cleveland, OH
Posted

Two-family home on a nice quiet street in Garfield Heights near the enjoyable Garfield Heights metropark trails. Each unit 2 bedroom 1 bath. Black and stainless kitchen appliances 1 year old (2016). Hardwood floors, finished basement. Plenty of storage. On-site individual laundry hook-up, all individual unit utilities. Many improvements, re-freshen paint, 2 new furnaces (2016) H20 Tank (2016) Central AC units added (2017) 3-car garage with new garage door opener (2016), petite private backyard. Each unit has private rear porch, gas and electric individually metered. Close to shopping, and highways. Great for low maintenance hassle free investment cash flowing investment property. Rent for unit #2 is actual rent. rent for unit #1 is scheudled rent not actual rent at this time

Assuming 4.5% interest, 30 year mortgage & a 25% down payment.

  • Down payment $ 19,975.00
  • Up Front costs $ 1000.00
  • Estimated Yearly Rents $ 15,600.00
  • Estimated Yearly Expenses $ 7,800.00
  • Yearly Debt service $ 3,643.57
  • Net cash flow after expenses & debt service $ 4,156.43

CASH ON CASH RETURN 19.8%

Contact @Federico Gutierrez. Holton-Wise Realtor of the Year for 2016, to set up your FREE real estate consultation about investing in the Chicago, IL or Cleveland, Ohio market. Don't sleep on your opportunity to build WEALTH through passive income and reduce your taxable income. All through BUY and HOLD properties.

Holton-Wise Property Group - Cleveland -

Century 21 Universal - Chicago -

Have helped many Bigger pockets members build passive cashflow. Read how I've helped fellow BP members acquire CASH FLOWING investments. What's stopping you from investing? LET'S TALK

Read my Zillow Profile and my outstanding work ethic for my clients

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*Featured properties is listed by the office/agent presenting this brochure*

Offering

Most Popular Reply

User Stats

2,081
Posts
857
Votes
Federico Gutierrez
  • Realtor
  • Cleveland, OH
857
Votes |
2,081
Posts
Federico Gutierrez
  • Realtor
  • Cleveland, OH
Replied

PROPERTY SOLD TO @Aric W.. CONGRATS ON HIS 1st INVESTMENT IN CLE

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