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Long-Term Rental Analysis
6715 Lucerne Ave, Cleveland, OH 44103
$39,000 • 3 beds • 2 baths • 1320 sqft
This property could be a profitable Long-Term investment with a projected 120.73% first-year return on $8,190 initial cash invested.
Cash On Cash
120.73%
Cap Rate
34.06%
Rent
$1,500
Signal: Med.
Cashflow
$824
Financing
Purchase Price $39,000
Downpayment 20.0%
Interest Rate 7.0%
Mortgage Duration 30yr.
Cash To Invest
Total $8,190
Downpayment $7,800
Closing costs $390
Rehab $0
Furnishing $0
Cashflow
Total Income $1,500
Total Expenses $676
Mortgage P&I $208
Property Taxes $64
Home Insurance $14
PManagement $150
CapEx $75
Vacancy $90
Maintenance $75
Other $0
Google Maps with the subject property comparables is loading...
| # | Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|---|
| 1 | 1613 E 66th St | $1650 | 3 | 2 | 1150 | 0.3 mi |
| 2 | 6303 Schade Ave | $950 | 3 | 1.5 | 1440 | 1.4 mi |
| 3 | 2214 E 46th St | $1300 | 3 | 2 | 1716 | 1.4 mi |
| 4 | 1615 E 47th St, Unit 2 | $1500 | 3 | 2 | 1.2 mi | |
| 5 | 7102 Carnegie Ave, Unit 21 | $1400 | 3 | 1 | 1200 | 0.7 mi |
| 6 | 7102 Carnegie Ave, Apt 6 | $1400 | 3 | 1 | 1200 | 0.7 mi |
| 7 | 7102 Carnegie Ave, Unit 17 | $1195 | 3 | 1 | 1200 | 0.7 mi |
| 8 | 7102 Carnegie Ave, Apt 7 | $1195 | 3 | 1 | 1200 | 0.7 mi |
| 9 | 1598 E 93rd St | $1399 | 3 | 1 | 1290 | 1.9 mi |
| 10 | 1830 E 101st St | $1700 | 3 | 1 | 1300 | 2.1 mi |
| 11 | 2413 E 61st St | $1600 | 3 | 3 | 1408 | 1.6 mi |
| 12 | 1615 E 47th St, # 2 | $1500 | 3 | 2 | 920 | 1.2 mi |
| 13 | 2398 E 38th St | $1900 | 3 | 2.5 | 1556 | 2 mi |
| 14 | 3608 Payne Ave, Apt 202 | $1975 | 3 | 2 | 1828 | 1.7 mi |
| 15 | 1961 E 85th St | $2300 | 3 | 2.5 | 1680 | 1.3 mi |
| 16 | 6212 Schade Ave, # Up | $650 | 3 | 1 | 1152 | 1.4 mi |
| 17 | 1850 E 85th St | $2250 | 3 | 2.5 | 1747 | 1.3 mi |
| 18 | 7350 Hough Ave | $1525 | 3 | 1 | 0.5 mi | |
| 19 | 7348 Hough Ave | $1525 | 3 | 1 | 0.5 mi | |
| 20 | 7336 Hough Ave | $1525 | 3 | 1 | 0.5 mi | |
| 21 | 1858 E 75th St | $1555 | 3 | 1 | 0.5 mi | |
| 22 | 1409 E 86th St | $1300 | 3 | 1 | 1623 | 1.8 mi |
| 23 | 1407 E 90th St | $1600 | 3 | 1 | 1078 | 1.9 mi |
| 24 | 6703 Bonna Ave, Unit House | $950 | 3 | 1 | 1050 | 1.6 mi |
| 25 | 1897 E 69th St | $1475 | 3 | 3 | 1900 | 0.1 mi |