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4201 W 24th St, Cleveland, OH 44109

5 beds • 2 baths • 2658 sqft • 2 units

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This property might be a fair Mid-Term investment with a projected 7.41% first-year return on $79,077 initial cash invested.

7.41%

Cash On Cash

9.51%

Cap Rate

1.5

DSCR

$3,210

Rent

$488

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,210 income − $2,722 expenses = $488 cash flow

Income$3,210Mortgage P&I$1,23639%Property Taxes$31210%Insurance$843%Management$38512%CapEx$1284%Vacancy$963%Maintenance$1284%Other$35311%Cash Flow$488

Investment Breakdown

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Purchase Price

$234k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,077

Downpayment

20%

$46,740

Closing costs

1%

$2,337

Rehab

0%

$0

Furnishing

13%

$30,000

Cashflow

Total Income

$3,210

Total Expenses

$2,722

Mortgage P&I

39%

$1,236

Property Taxes

10%

$312

Home Insurance

3%

$84

HOA

0%

$0

Property Management

12%

$385

CapEx

4%

$128

Vacancy

3%

$96

Maintenance

4%

$128

Other

11%

$353

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