This 4 bedroom updated multi-family home is a hidden gem in the northern part of Parma! The first floor has an open concept kitchen living space and two bedrooms off to the side. Both bathrooms are updated with chic flavor and contemporary design! Each room has modern light fixtures fitting the mold of the current home buyer. The closet space is considerably large in every bedroom! The hot water tanks, furnaces, electrical and plumbing are all brand new and brought up to code. Roof is very new. There are two laundry rooms, one for each unit! Fine dining, grocery stores, gas stations, and the Shoppes at Parma are nearby as well as all the main highways!
Assuming 4.5% interest, 30 year mortgage & a 25% down payment.
- Down payment $ 33,750.00
- Up Front costs $ 2000.00
- Estimated Yearly Rents $ 16,200.00
- Estimated Yearly Expenses $8,100.00
- Yearly Debt service $ 6,156.23
- Net cash flow after expenses & debt service $1,943.77
CASH ON CASH RETURN 5.4 %
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*Featured properties is listed by the office/agent presenting this brochure
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