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$2,724 (target)

7717 Colgate Ave, Cleveland, OH 44102

3 beds • 2 baths • 1362 sqft

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This property could be a profitable Mid-Term investment with a projected 10.45% first-year return on $55,800 initial cash invested.

10.45%

Cash On Cash

10.37%

Cap Rate

1.62

DSCR

$2,724

Rent

$486

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,724 income − $2,238 expenses = $486 cash flow

Income$2,724Mortgage P&I$96035%Property Taxes$28811%Insurance$632%Management$32712%CapEx$1094%Vacancy$823%Maintenance$1094%Other$30011%Cash Flow$486

Investment Breakdown

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Purchase Price

$180k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,800

Downpayment

20%

$36,000

Closing costs

1%

$1,800

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,724

Total Expenses

$2,238

Mortgage P&I

35%

$960

Property Taxes

11%

$288

Home Insurance

2%

$63

HOA

0%

$0

Property Management

12%

$327

CapEx

4%

$109

Vacancy

3%

$82

Maintenance

4%

$109

Other

11%

$300

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