1844 Sqft Duplex that has 3 Bedrooms and 1 full bath in one each unit and one 2 bedroom 1 bath unit . A 2 car garage with open porch. This Duplex is located in Beautiful Lakewood Ohio. These type of duplex’s in Lakewood Ohio are in high demand and comp for $110,000 and $120,000 after rehab. All utilities are paid by the tenants other than sewer and water. An additional $ 50 per month will be added to the monthly rent to cover water and sewer.
This property is in a very high demand area and will rent quickly. We are currently doing one on 2029 Dowd and we already have both units rented. Our state-of-the-art marketing department make sure that each property is cash flowing ASAP.
Property #’s Below:
Purchase Price ----------------------------------------------- $31,000
Rehab cost ---------------------------------------------------- $35,000
Total cost of purchase and Rehab ------------------------- $68,000
After Expenses Positive Cash Flow over $921 after expenses.
Rent ------------------------------------------------------------ $ 1475
Taxes ---$3768 a year --------------------------------------- $ 314
Prop Management -------------------------------------------- $ 150
Insurance ------------------------------------------------------ $ 60
Water – An extra $50 per side will be collected per month for water ----- $ 30
Positive Cash Flow -------------------------------------------- $ 921
Net Return ------------------------------------------------------- 16%
This property is in a very high demand area and will rent quickly. We are currently doing one on 2029 Dowd and we already have both units rented. Our state-of-the-art marketing department make sure that each property is cash flowing ASAP.
Property #’s Below:
Purchase Price ----------------------------------------------- $31,000
Rehab cost ---------------------------------------------------- $35,000
Total cost of purchase and Rehab ------------------------- $68,000
After Expenses Positive Cash Flow over $921 after expenses.
Rent ------------------------------------------------------------ $ 1475
Taxes ---$3768 a year --------------------------------------- $ 314
Prop Management -------------------------------------------- $ 150
Insurance ------------------------------------------------------ $ 60
Water – An extra $50 per side will be collected per month for water ----- $ 30
Positive Cash Flow -------------------------------------------- $ 921
Net Return ------------------------------------------------------- 16%
