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Updated over 7 years ago on .

User Stats

1,314
Posts
666
Votes
Bob Prisco
  • Specialist
  • Cleveland, OH
666
Votes |
1,314
Posts

Double digit net cap rate Maple Heights OH,

Bob Prisco
  • Specialist
  • Cleveland, OH
Posted

Two year old , roof, windows, heating system, 20x 20 den on back, maintenance free, and home warranty .

Purchase price $63k

Rent $12k / 1k  I rounded down 

Property taxes $1.7K

Insurance $700

Property Management $900

Vacancies $570 or 5%

Maintenance $570 or 5%

Net Income of $8k 13%

Google Link:

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