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3318 W 48th St, Cleveland, OH 44102

4 beds • 2 baths • 1932 sqft • 2 units

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This property could be a profitable Mid-Term investment with a projected 16.41% first-year return on $61,800 initial cash invested.

16.41%

Cash On Cash

12.79%

Cap Rate

2.02

DSCR

$3,060

Rent

$845

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,060 income − $2,215 expenses = $845 cash flow

Income$3,060Mortgage P&I$95231%Property Taxes$1605%Insurance$632%Management$36712%CapEx$1224%Vacancy$923%Maintenance$1224%Other$33711%Cash Flow$845

Investment Breakdown

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Purchase Price

$180k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,800

Downpayment

20%

$36,000

Closing costs

1%

$1,800

Rehab

0%

$0

Furnishing

13%

$24,000

Cashflow

Total Income

$3,060

Total Expenses

$2,215

Mortgage P&I

31%

$952

Property Taxes

5%

$160

Home Insurance

2%

$63

HOA

0%

$0

Property Management

12%

$367

CapEx

4%

$122

Vacancy

3%

$92

Maintenance

4%

$122

Other

11%

$337

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