$60,000 After Repair Value -
$45,000 Asking Price -
$0 Cost of Repairs =
$15,000 Potential Profit

Property Details

Asking Price $45,000

After Repair Value $60,000

Costs of Repairs $0

Potential Profit $15,000

Living Area 1,334 ft2

Property Type Single Family House

Bedrooms 3

Bathrooms 1

Half Bathrooms 0

Parking 0

Listed with Agent No

Property Description

Double digit cap rate on this 3 bed home in Cleveland. This is a great opportunity for a low purchase price entry point with existing tenant paying $700. With market rent at $875, a buyer would have lots of options for how to position the property to maximize cash flow when the existing lease is up.

Take advantage of this rare opportunity to buy a home for under $50,000 with a paying tenant in place.

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