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Six U.S. Properties/$160K Equity/20% Annual Return

Six U.S. Properties/$160K Equity/20% Annual Return

Posted on Classifieds for MySpace - Over 4 weeks ago
Price:
$310,000
Property Type:
Single-Family Houses
Location:
Cleveland, OH

Cleveland Description

Six U.S. Properties

•10824 Bryant Ave

•9801 Columbia Rd

•947 E. 129th

•12608 Edmonton

•7510 Myron

•1864 Chapman

Price: $310K USD

Four single family houses/Two double family houses

Combined appraised Value - $470K minimum

Combined equity value - $160K

Combined gross monthly rental income: $5,100

Gross Annual Income: $5,100 x 12mos = $61,200/yr

Gross Annual return: $61,200/300,000 = 20.4% return

Monthly water/sewer $650/mo.

Monthly taxes insurance $650/mo.

Monthly property management; $485/mo

Total Expenses: $1,785/mo

Net monthly income: $5,100 - $1,785 = $3,315

Net Annual Income: $3,315 x 12mos = $39,780/yr

Net Annual return: $39,780/310,000 = 13% return

Call or email Alex for more info:

Alex Price

alexpriceonline@gmail.com

216 233 4986
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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