Cash Flow Duplex

Solid duplex with long term tenants in place generating $1,100 per month in revenues

Located in re-gentrified Waterloo Arts district of Cleveland. This cash flow rental has been lightly refurbished with new HVAC systems, paint, carpet and various window replacements. Hard to find investments like this these days! Beautiful architecture inside with solid wood accents and trim, distinctive of “old world” charm. All brick as well, adding in a nice layer of lesser maintenance.

Financials

  • Unit 1: $550
  • Unit 2: $550
  • Total: $1,100 / month

Expenses:

  • Water/sewer: $75
  • Management: $100
  • Taxes: $65
  • Total: $240 / month
  • Price: $105,000
  • Discounted: $89,900
  • Positive Cash Flow: $860 /mo or $10,320 per annum
  • R.O.I. 11% all cash or 51% with 80% L.T.V. Investor purchase loan.