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All Forum Posts by: Bob Prisco

Bob Prisco has started 38 posts and replied 1181 times.

Classifieds

Post: Double digit net cap rate Maple Heights OH,

Bob PriscoPosted
  • Specialist
  • Cleveland, OH
  • Posts 1,314
  • Votes 666

Two year old , roof, windows, heating system, 20x 20 den on back, maintenance free, and home warranty .

Purchase price $63k

Rent $12k / 1k  I rounded down 

Property taxes $1.7K

Insurance $700

Property Management $900

Vacancies $570 or 5%

Maintenance $570 or 5%

Net Income of $8k 13%

Google Link:

0 Votes