UP and DOWN Double. 50% occupied. 24% CoC, asking price $62500
Invest in this beautiful, well maintained two family home. Live in the newly renovated top unit while offsetting your monthly expenses with a long term tenant occupying the bottom unit. upper unit has all new windows, refinished hardwood floors, new carpet in bedrooms and hallway freshly painted throughout, front porch freshly painted, new kitchen floors, counter tops, cabinets, stainless steel appliances, updated bathroom top to bottom . Bottom unit has hardwood walls, all appliances stay, beautifully maintained. New roof, 2 car garage. bottom unit pays $600/mo.
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Assuming 4.5% interest, 30 year mortgage & a 25% down payment.
- Down payment $ 15,625.00
- Up Front costs $ 2,00.00
- Estimated Yearly Rents $ 14,400.00
- Estimated Yearly Expenses $ 7,200.00
- Yearly Debt service $ 2,850.10
- Net cash flow after expenses & debt service $ 4,349.90
CASH ON CASH RETURN 24.7%
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
*Featured properties is listed by the office/agent presenting this brochure
Keywords: Cleveland, OHIO, Passive cashflow, Parma, Tenants, Occupied, CLE, Utilities Paid