4 bd | 2 ba | 1,211 sqft
Monthly Rent: $1,325
Cap Rate: 9.16%
3 bd | 1 ba | 1,195 sqft
Monthly Rent: $1,000
Cap Rate: 8.13%
3 bd | 1 ba | 1,200 sqft
Monthly Rent: $835
Cap Rate: 9.99%
3 bd | 1 ba | 960 sqft
Monthly Rent: $995
Cap Rate: 7.96%
5 bd | 2 ba | 2,128 sqft
Monthly Rent: $1,500
Cap Rate: 10.09%
3 bd | 2 ba | 1,344 sqft
Monthly Rent: $1,350
Cap Rate: 9.18%
3 bd | 1 ba | 988 sqft
Monthly Rent: $1,023
Cap Rate: 10.74%
3 bd | 1 ba | 1,032 sqft
Monthly Rent: $1,050
Cap Rate: 8.85%
Quick Guide to Greater Cleveland Rental Properties
Property Values : $100,000 - $175,000
Location: Suburbs with owner occupants
Monthly Rent: $1,200 - $2,000
Cap Rates: 7-9%
Refurbishments: High quality finishes
Exit Strategy: Lease-option or Retail
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Property Values : $70,000 - $100,000
Location: Suburbs with mixture of owner occupants and tenants
Monthly Rent: $850 - $1,200
Cap Rates: 9-11%
Refurbishments: Medium quality finishes
Exit Strategy: Investors or Retail
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Property Values : $40,000 - $70,000
Location: Predominately tenanted neighborhoods
Monthly Rent: $650 - $900
Cap Rates: 11-13%
Refurbishments: Mechanicals and major items are addressed
Exit Strategy: Investors