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3423 Storer Ave, Cleveland, OH 44109

4 beds • 2 baths • 1120 sqft • 2 units

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This property could be a profitable Mid-Term investment with a projected 45.11% first-year return on $40,779 initial cash invested.

45.11%

Cash On Cash

31.04%

Cap Rate

5.09

DSCR

$3,210

Rent

$1,533

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,210 income − $1,677 expenses = $1,533 cash flow

Income$3,210Mortgage P&I$40613%Property Taxes$1535%Insurance$281%Management$38512%CapEx$1284%Vacancy$963%Maintenance$1284%Other$35311%Cash Flow$1,533

Investment Breakdown

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Purchase Price

$79,900

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$40,779

Downpayment

20%

$15,980

Closing costs

1%

$799

Rehab

0%

$0

Furnishing

30%

$24,000

Cashflow

Total Income

$3,210

Total Expenses

$1,677

Mortgage P&I

13%

$406

Property Taxes

5%

$153

Home Insurance

1%

$28

HOA

0%

$0

Property Management

12%

$385

CapEx

4%

$128

Vacancy

3%

$96

Maintenance

4%

$128

Other

11%

$353

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