[Calc Review] West Cleveland Duplex
Goals:
-stable cash flow, not as concerned about appreciation (check, assuming description is correct in saying they've had stable tenants. rental price should increase in the next couple years so i have some assurance there)
-looking for min $100/unit (check)
-C+ neighborhood (check, borders some B/A neighborhoods in upper Ohio City so hoping some absorption goes that way)
Other things:
-20% CoC return (almost check - Changing purchase price to $53,000 and have tenants also pay water/sewage would bump this deal right up to my criteria of 20% CoC.)
-This deal seems worth investigating more into.. though there's no actual pictures and only a description. It's also been listed for just over 30 days which is also suspect.
-Close to public transportation, schools and water..
What am I missing here?
*This link comes directly from our calculators, based on information input by the member who posted.