This home is in decent shape. A Great Investment Home. Estimated 17% annual ROI.Aluminum siding, overall nice home; Our inspector claimed 3-4BR's, Water Heater and Furnace intact. $12,000 Cash PriceAlso available for Seller Financing, $25,000 with $2,000 downpayment SECTION 8 RENTAL Projected Annual Cash Flow AnalysisRental Income: $6768 , $564/MONTHVacancy (5%): $338.00Net Operating Income: $ 6430.00 Operating Expenses Taxes: $ 1402.80Insurance: $ 600.00Property Management(9%) $ 600.00Maintenance (5%): $ 338.00 Utilities (5%) $ 338.00Total Operating Expenses: $ 3278.00 Net Operating Income: $ 3152 Total Investment $20000Cap Rate 16% CLEVELAND RANKED #2 FOR PRICE APPRECIATION FOR 2010 ACCORDING TO HOUSING PREDICTOR.! http://www.housingpredictor.com/best-2010.html
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