Thursday, June 21, 2012

4 bedroom 16% return!


 4 Bedroom and 1 ½ bath Large Cape Cod in Maple Heights. Features large Bedroom’s with nice enclosed front Porch. Beautiful Crown molding and hard wood floors throughout home. Deco fireplace in living room. Full basement and detached 2 car garage.

Property #’s Below: Purchase Price ------------------- $13,900
Rehab cost -------------------------------------------- $31,000-$32,000

Positive Cash Flow after expenses is $583
Rent -------------------------------------------------- $ 925
 Taxes ---$2500 a year ------------------------------- $ 210
Prop Management -------------------------------------$ 92
 Insurance ---------------------------------------------$ 40
Positive Cash Flow ------------------------------------ $ 583
 Net Return ----------------------------------------------- 16%

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