Updated about 8 years ago on . Most recent reply
Under Priced Lakewood, OH Double! Under market rents. BUY THIS
Great investment opportunity in a very hot area, Lakewood OHIO! Two bedrooms in each UP and DOWN. Each unit has a Formal dining rooms . Front porches. Nice kitchen & baths. First floor has central air. Whole house replacement windows. Hardwood floors through out. Newer re built two car garage. Close to transportation. Both units are occupied under current markets that could be increased by $100/unit. Tenants are month to month, willing to stay.
Assuming 4.5% interest, 30 year mortgage & a 25% down payment.
- Down payment $ 29,750.00
- Up Front costs $ 1000.00
- Estimated Yearly Rents $ 16,200.00
- Estimated Yearly Expenses $ 8,100.00
- Yearly Debt service $ 5,416.60
- Net cash flow after expenses & debt service $ 2,673.40
CASH ON CASH RETURN 8.7%
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*Featured properties is listed by the office/agent presenting this brochure*