14637 Coit Rd Cleveland, OH 44110
QUAD-PLEX
$75,500
4 Units each with 2 beds/1 bath, all brick building. Two of the units are currently rented with tenants for a cash flow of $1161. The other two units need 4K total rehab budget to get rent ready. Market rent for these two vacant units is $650 each which would yield a total cash flow of $2461! Property management is in place at 10%.
| Purchase Price | $75000 |
| Rehab Budget | $4000 |
| All In Cost | $79,000 |
| Fully Rented | $2461 |
| Taxes/month | $104.12 |
| Insurance/month | $100 |
| Property Management | $246 |
| Utilities | $125 |
| Cap Rate | 28.6% |
