$5,936 annual cash on cash return 18 % Great income and equity built in on this well-kept 2 family home. The house has updated vinyl windows throughout, newer roof, updated breaker boxes, newer water tanks and best of all two long term tenants with a very good payment history. Each unit brings in below market rents of $400 per month. Market for this area with 2 bedroom units of this size range in the $500-$550 range. There’s plenty of room to increase your ROI and plenty of equity built into this property to really turn this into a huge cash flow machine. Don’t miss this great money maker! Comps: 7412 Worley Ave, Newburgh Heights, OH 44105 Sold: $40,000 Sold on 07/27/15 4711 Harvard Ave, Newburgh Heights, OH 44105 Sold: $41,000 Sold on 12/18/15 4008 E 74th St, Cleveland, OH 44105 Sold: $45,000 Sold on 11/05/15 2716 Hermit Ave, Newburgh Heights, OH 44105 Sold: $45,000 Sold on 09/15/15
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