Rental Property Investor · Cleveland, OH · Member since 2018 · 21 posts · 8 votes
We have a single family house for sale on the Westside of Cleveland near the Detroit Shoreway, a great rental area!
The unit has 3 bedrooms plus a den and 1 bathroom.
The unit will need rehab. At least bath and kitchen rehab as well as paint and floors throughout to be rent ready.
The estimated rehab cost is 10-16k depending on finishes and the estimated ARV is 50-65k.
Rent for that house would be 750+ the neighbor rents that unit at 850 through section 8.
It is a great rental area and has a lot of upside as they are cleaning the neighborhood up. Taxes are less then 700 per year and are paid in full and current.