Brick Double in Cleveland. 50% occupied. Under Market Rents!!
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WELL KEPT BRICK TWO FAMILY, 2 bedrooms each unit, newer furnaces, updated windows, 2 car garage. Currently one unit is Vacant. Other is rented UNDER MARKET PRICE at $525. Rents in this area are around $600-700/month.
Assuming 4.5% interest, 30 year mortgage & a 25% down payment.
- Down payment $ 21,875.00.00
- Up Front costs $ 1000.00
- Estimated Yearly Rents $ 14,100.00
- Estimated Yearly Expenses $7050.00
- Yearly Debt service $ 3,990.15
- Net cash flow after expenses & debt service $3,059.85
CASH ON CASH RETURN 13.4 %
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 -
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*Featured properties is listed by the office/agent presenting this brochure