14633 Coit Road, Cleveland Ohio 44110

14633 Coit Rd, Cleveland, OH 44110 (South-Collinwood)

Block Of Units - Cleveland Ohio

Characteristics

Bedrooms:     8 beds (2 bed units)

Bathrooms:    4 bath

Single Family:    4,362 sq. ft.

Lot Size:    5,400 sq. ft.

Year Built:   1920

Stories:    2 with Attic/Basement

Parking:    Detached ‐ 3

 Price

$100,000

 Income (numbers are based on an annual basis and rental amount is based on nearby rentals)

$28,800 ($2,400 month)

 Expense

$2,200 Taxes

$2,000 Insurance

$2,016 Maintenance (6%)

$1,680 Vacancy (5%)

$2,688 Management @ 8%

$3,000 Water

$2,000 Misc (trash, snow removal, lawn care)      

($13,216)

 Net Income Cash‐on‐Cash       

$15,584 ($1,298 monthly) 15.6%

 Includes:

~ Rehab to be Section 8 Approved

~ 6 Month Contractor’s Warranty on Repairs Made

~ Professional Property Management Discounted

~ Free Consultation – during property ownership

*All information provided is approximate and should be verified by the purchaser. There are no guarantees information is accurate.

**ROI is determined by cash flow, market appreciation, tax savings, principal pay down, and rental income. Past performance is no guarantee of future results and individual results may vary. The information and any statistical data contained herein have been obtained from sources which we believe to be reliable, but we do not represent that they are accurate or complete, and they should not be relied upon as such. All opinions expressed and data provided herein are subject to change without notice. Past performance is no guarantee of future results, and current performance may be lower or higher than the performance data quoted. Results shown here are not typical, results will vary based upon real estate prices, interest rates, creditworthiness and many other factors. All information provided is approximate and should be verified by the purchaser. There are no guarantees information is accurate.