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%.
Here Are The Financials
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% |