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 | $685 | $685 |
| Management Fee | $250 | $250 |
| Net Monthly Income | $1.565 | $1.565 |
| Net Rate of Return (ROI) | %37 | %51 |
Description
This very nice two apartment multi family home is located on a very nice street in Kinsman, right
next to the Woodland Homes district. The house is just 3.2 miles from the entrance to the world
famous Cleveland Clinic
The property is divided into two large apartments. You have a large two bedroom apartment on
the 1st floor plus a large two bedroom apartment on the 2nd floor. One apartments has been
recently been renovated to a Section 8 standard and the second aprtment just needs minor
costemic repairs, the repairs are included in the purchase price.
The management company will place brand new vetted tenants when the new owner closes on
the property. Each apartment should achieve $1,100 – $1,250 in rent each month with Section 8
housing. Up to 75% finance available for non US residents, subject to terms and conditions.
Details
Updated on October 20, 2026 at 7:26 pm- Price: $139,900
- Property Size: 1792 Sq Ft
- Bedrooms: 4
- Bathrooms: 2
- Property Type: Multi Family
- Property Status: 33% Net Return
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