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3312 Colburn Ave, Cleveland, OH 44109

4 beds • 2 baths • sqft • 2 units

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This property could be a profitable Mid-Term investment with a projected 21.18% first-year return on $57,390 initial cash invested.

21.18%

Cash On Cash

15.18%

Cap Rate

2.32

DSCR

$3,270

Rent

$1,013

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,270 income − $2,257 expenses = $1,013 cash flow

Income$3,270Mortgage P&I$86827%Property Taxes$2217%Insurance$562%Management$39212%CapEx$1314%Vacancy$983%Maintenance$1314%Other$36011%Cash Flow$1,013

Investment Breakdown

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Purchase Price

$159k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,390

Downpayment

20%

$31,800

Closing costs

1%

$1,590

Rehab

0%

$0

Furnishing

15%

$24,000

Cashflow

Total Income

$3,270

Total Expenses

$2,257

Mortgage P&I

27%

$868

Property Taxes

7%

$221

Home Insurance

2%

$56

HOA

0%

$0

Property Management

12%

$392

CapEx

4%

$131

Vacancy

3%

$98

Maintenance

4%

$131

Other

11%

$360

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