371 E. 152nd Street, Cleveland Ohio 44110

371 E 152nd St, Cleveland, OH 44110 (North Collin-Wood)

Block Of Units - Cleveland Ohio

Tenants have Separate Gas & Electric Utilities.

Characteristics

Bedrooms:   Two – 2 Bedrooms / Six – 1 Bedrooms

Bathrooms:   8 bath

Single Family:   6,908 sq. ft.

Lot Size:   7,500 sq. ft.

Year Built:   1920

Stories:    2 with Attic/Basement

Parking:   No Garage

Price
$195,000

Annual Income (numbers are based on an annual basis and rental amount is based on nearby rentals)
$50,400

Monthly Gross Income

2 beds = $600 each unit ($600 x 2) = $1,200
1 bed = $500 each unit = ($500 x 6) = $3,000

Expense
$3,552 Taxes
$3,000 Insurance
$2,916 Maintenance (6%)
$3,402 Vacancy (7%)
$3,888 Management @ 8%
$4,000 Water
$2,000 Trash, Snow, Lawn

Net Income Cash‐on‐Cash
$27,642 ($2,303.50 monthly) 14.1%

Includes:
~ Rehab to be City Approved
~ 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.