This listing is no longer active. Please do NOT reply to this ad.

See similar listings

Home   Real Estate   Cleveland Area   Single-Family Houses   3 BR -

4 Properties 1 Price! Amazing Deal !!!

4 Properties 1 Price! Amazing Deal !!!

Posted on Classifieds for MySpace - Over 4 weeks ago
Price:
$200,000
BR/BA:
3 BR
Property Type:
Single-Family Houses
Location:
Cleveland, OH
Amenities:
Parking

Cleveland Description

Four Properties already rented

and property management in place.

You will be investing into cashflow!!!

Here are the specs of all four combined:

Price: $200K

4 Properties

3 Bdrms. Each Property

Newly remodeled

Combined Appraised Value - $320K

Total Equity - $120K

1 car Garage each property

Gross monthly rental income: $3,100

Gross Annual Income: $3,100 x 12mos = $37,200/yr

Water/Sewer: $1200yr.

Taxes/Insurance: $1200yr.

Property Management: 10%/rent = $3,720/yr.

Total Expenses: $6,120 yr.

Net Monthly Income: $2,545

Net Annual Income: $2,590 x 12 = $31,080/yr.

Annual Cap Rate = $31,080/$200,000 = 15%

You can't buy a better deal!!!

Earn your investment back in under 7 years

Call Alex at 216 233 4986
This ad has been viewed 14 times.
Learn More
This Single-Family Home located at Cleveland OH 44118 is currently for sale and was listed Over 4 weeks ago in Cleveland, OH. See other Cleveland Real Estate