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3404 Montclair Ave, Cleveland, OH 44109

4 beds • 2 baths • 1877 sqft • 2 units

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This property could be a profitable Mid-Term investment with a projected 14.57% first-year return on $59,700 initial cash invested.

14.57%

Cash On Cash

12.32%

Cap Rate

1.93

DSCR

$2,940

Rent

$725

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,940 income − $2,215 expenses = $725 cash flow

Income$2,940Mortgage P&I$90231%Property Taxes$2539%Insurance$602%Management$35312%CapEx$1184%Vacancy$883%Maintenance$1184%Other$32311%Cash Flow$725

Investment Breakdown

|

Purchase Price

$170k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,700

Downpayment

20%

$34,000

Closing costs

1%

$1,700

Rehab

0%

$0

Furnishing

14%

$24,000

Cashflow

Total Income

$2,940

Total Expenses

$2,215

Mortgage P&I

31%

$902

Property Taxes

9%

$253

Home Insurance

2%

$60

HOA

0%

$0

Property Management

12%

$353

CapEx

4%

$118

Vacancy

3%

$88

Maintenance

4%

$118

Other

11%

$323

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