3322 E Overlook Rd

Cleveland, OH 44118
image0

6 bd, 3 ba | 3,310 sqft | Built in 1920

slider image
slider image
slider image
List Price
$163,000

Initial Investment

$42,642

Purchase Price

$154,000

Down Payment

25%

Rent

$1,900

Total Return

$80,871

Annualized Return

25.1%

Cap Rate

7.2%

Gross Yield

14.8%

Cash Flow

$1,899

Appreciation

8.0%
refreshReset to Default
Edit Assumptions
Features

Occupancy

Unspecified

Lease Start

09/12/2017

Lease End

09/30/2017

Property Type

Duplex

Lot Size

6,000

HOA

None

Flood Risk

Not Required

  • Both units occupied; upper unit with new 12 month lease and security deposit of $1500, lower unit is month-to-month with long term tenant since 2012
  • Downstairs unit occupied by Section 8 tenant
  • Seller will provide credit for tree trimming and chimney repair noted in capex report and 3 months of rent to be escrowed

See more in Analysis

Have a question for us?

We’re happy to help!

Ask a Question

Annual Financial Highlights

Expected Rent

$21,660

Expenses

-$6,689

Property Taxes

-$4,700

Loan Payments

-$8,372

Net Cash Flow

$1,899

See more in Financials

Similar Listings