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2487-89 Garden Ave Cleveland, OH 44109

$49,900.00 in Total

Description

 

 2487-89 Garden Ave Cleveland, OH 44109
 Occupied duplex   Sale price   $49,900
 Units 2
 Income
 Rent (real)  $663  $   1,325
 Expenses
 Maintenance 4%  $46
 City Taxes  $685  $57
 Insurance (current)  $799  $67
 Water (estimate)  $1,200  $100
 Prop Mgmt & Vacancy Rate 13%  $172
 Total Expenses  $442
 NOI (Net Operating Income)  $883
 Income (NOIx12)  $10,593
 Cost   $49,900
 Minor repairs   $       –
 Total investment   $49,900
 Return on investment  22.11%
 

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