Updated about 7 years ago on . Most recent reply
Cleveland Cashcow Triple! 17.9% return on cash purchase! WOW!
This legal three family home hit our list earlier!
Click here to be added to our list of hottest on and off-market deals
This off-market Triple in a C neighborhood of Cleveland is currently 100% occupied with below market rents. Rents for the area are $1700/month.
Click here for a proforma prospectus report, more pictures, and rental rates for the area!
Financials:
Purchase price: $66,000
Rent: $1700
Vacancy: $136
Maintenance: $47
Management: $156
Insurance: $100
Cap Ex: $78
Taxes: $125
Utilities: $75
NOI: $982/month or $11,785/year
ROI: $11,785/66,000 = 17.85%
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