Investment Strategy
| Overseas 70% Mortgage | Domestic 80% Mortgage | |
|---|---|---|
| Purchase Price | $139.900 | $139.900 |
| Cash Deposit | $41.970 | $27.980 |
| Appraisal Cost | $995 | $995 |
| Lending Cost (aprx.) | $7.647 | $7.647 |
| Capital Required | $50.612 | $36.622 |
| Monthly Income | $2.500 | $2.500 |
| Monthly Mortgage + Tax + Insurance | $135 | $135 |
| Management Fee | $250 | $250 |
| Net Monthly Income | $2.115 | $2.115 |
| Net Rate of Return (ROI) | %50 | %69 |
Description
This great two apartment multi family home is located on a nice street in Saint ClairSuperior just 3.5 miles from Downtown Cleveland. Saint Clair-Superior is close to the
great lake, borderline lake properties offer lots of potential for future growth.
The property is divided into two large apartments. You have a large 2 bedroom unit
downstairs and a large two bedroom unit upstairs. One apartment has just been
updated and made rental ready & is currently being marketed for new tenants. The
second apartment needs some minor cosmetic repairs needed to be rent ready. The
works are included in the price and will begin after the new owner closes on the
property. When complete the management company will also market for new tenants.
Each apartment should achieve $1,000 – $1,250 in rent each month based on the
current Section 8 rates for this zip code.
Details
Updated on October 19, 2026 at 7:16 pm- Price: $139,900
- Property Size: 2017 Sq Ft
- Bedrooms: 4
- Bathrooms: 2
- Property Type: Multi Family
- Property Status: 34% Net Return
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