Recently Renovated - occupied with a Rent To Own Buyer at 55,000. We would consider selling the contract at a discount of $35,000.This is a nice family home with some hardwood flooring and new carpet, track lighting, Ceiling fans, Fireplace and a ton of charm. CLEVELAND RATE#2 IN HOUSING PREDICTOR FOR APPRECIATION IN 2010! http://www.housingpredictor.com/best-2010.html TENANT BUYER OCCUPIED AT $550 PER MONTH Projected Annual Cash Flow AnalysisRental Income: $6600.00Vacancy (5%): $ 330.00 Net Rental Income $6270.00 Operating Expenses Taxes: $2351.52Insurance: $ 600.00Property Management(10%) $ 627.00Maintenance (5%): $ 330.00 Total Operating Expenses: $3908.52 Net Operating Income: $ 2361.48
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