Is this a good deal relative to Cleveland? What should we look into?

[Eyal Goren]

Need a reality check on this Cleveland deal. Want to make sure I'm not missing something obvious.

3/2 house in Cleveland 44111, listed at $194k but I can get it for $160k. 

Here's what the analysis shows:

• Buy: $160k (±)
• All-in after rehab: $190k
• ARV: $209k
• Rent: $2,060/month
• Refi at 55% LTV
• Monthly cash flow: $493

Main concerns:

• Is $2,060 rent actually possible in Cleveland 44111?
• Never handled a basement - what should i look into?
• Can I actually refi at 55% LTV?

Cleveland investors - what do 3/2s actually rent for in that area? And has anyone pulled off a successful BRRRR there recently?

--> Full deal numbers here