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Cash Flow Single Family Hours Brings In $1,165 Per Month in Cash Flow
25491 Shoreview Drive, Euclid, Ohio Positive Cash Flow Rental Property Investment
Looking for positive cash flow? This positive cash flow turn-key rental property located in Euclid Ohio yields a great annual return for today’s market. Upgraded too!
This is a great turn-key rental property. It has been upgraded by a very reliable, long-standing investor in the community and leased to excellent tenants with great payment credit. If you are looking to AVOID rehabbing a rental and placing tenants, look no further, this is the one.
Beautiful brick bungalow with 3 BD, 1.5 bath in great condition and cash flowing now. Very well maintained, full divided basement, 1 car gargae, fenced in yard. A newer roof, windows, HVAC / Hot water tank, kitchen, baths and floors.
Just a plain neat clean place with clean quiet tenants, what else could you ask for? ANd the best part is, the rent is Section 8 guaranteed. Any experienced savvy investor understands the huge benefits of section 8 income. Tenants are on a huge waiting list to receive a subsidy, sometimes waiting 5 years to get on, so they do not want to lose the rental subsidy.
|Gross annual rent||$14,000 (Per annum)|
|Income Source:||Section 8 – $1165 mo Section 8 pays $715, tenant pays balance.|
|– Capital 5%||$700|
|– Vacancy 5%||$700|
|Total Annual Expense:||$5,900|
|Adjusted Gross Cash Flow||$8,000|
|Mortgage Financing Expense||30 year amortized @ 4%|
|Annual Principal and Interest||$3,900|
|Net Cash Flow, annual||$4,300|
|Cash-on-Cash Rate of return||19%|
|Annual Appreciation||2% currently|
Investment Manager and Consultant