ATTN INVESTORS: THIS IS A GOOD CASH FLOW and APPRECIATION PLAY TENANT OCCUPIED PROPERTY rented for $695 -Good stable property Investment.This Home has been fully rehabbed. Move-in Condition. Finished Basement, Ceiling fans, new carpet, all mechanicals. Aluminum Siding.Very Nice Neighborhood and Area. Desirable school district. CLEVELAND RANKED #2 FOR PRICE APPRECIATION FOR 2010 ACCORDING TO HOUSING PREDICTOR.! http://www.housingpredictor.com/best-2010.htmlTenant Occupied and Cash Flowing. Annual Projected Operating StatementCurrently rented for $700/month. Rental Income: $ 8340.00Vacancy (5%): $ 417.00Net Operating Income: $ 7923.00 Operating Expenses Taxes: $2943.51Insurance: $ 600.00Property Management(10%) $ 912.00Maintenance (5%): $ 456.00Total Operating Expenses: $4911.51Net Operating Income: $3011.49
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