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3733 Newark Ave Cleveland, OH 44109

$44,000.00 In total

Description

 

3733 Newark Ave Cleveland, OH 44109
 Occupied duplex  Sales price  $                44,000
 Units 2
 Income
 Rent (real)  $                                    538  $                  1,075
 Expenses
 Maintenance 5%  $                        54
 City Taxes  $                                 1,350  $                      113
 Insurance (estimate)  $                                    750  $                        63
 Water  $                         –
 Prop Mgmt & Vacancy Rate 13%  $                      140
 Total Expenses  $                      369
 NOI (Net Operating Income)  $                      707
 Income (NOIx12)  $                  8,478
 Cost  $                39,500
 Repairs (change of roof)  $                  4,500
 Total investment  $               44,000
 Return on investment  22.61%

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