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Duplex For Sale/Instant Cashflow w/property mgmt. and equity

Duplex For Sale/Instant Cashflow w/property mgmt. and equity

Posted on MySpace Classifieds - Over 4 weeks ago
Price:
$35,000
Property Type:
Single-Family Houses
Location:
Cleveland, OH

Cleveland Description

Duplex for sale $25K

Just bought a very sweet duplex

and I'm selling it for $25K. Does not

need more than $10K worth of work and

that would be considered worst case.

Duplex will rent very easily, and I will

assist with the process. Property mgmt. is

also in place.

Typical return on this type of investment:

Purchase Price: $25K

Rehab cost(worst case): $10K

Total Cost: $35K

Rent both units: $650/$650 = $1300/Monthly

Gross Annual Income: $15,600

Gross annual return on investment: $15,600/$35,000 = 44.5%

Water/Sewer: $200/monthly

Taxes/Insurance: $200/monthly

Property Management: $130/monthly

Total monthly expenses: $530

Monthly net operting income: $1,300 - $530 = $770

Annual net operating income: $770 x 12 = $9,240

Annual return on investment: $9,240/$35,000 = 26%

Expenses are overestimated, so return may actually

be higher. However at these numbers, this is a steal.

I don't think it will last long so please, get this one

while it's available!

May have more available soon

If interested please email or call Alex at

alexpriceonline@gmail.com

216-233-4986
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This Single-Family Home located at Cleveland OH 44108 is currently for sale and was listed Over 4 weeks ago in Cleveland, OH. See other Cleveland Real Estate