3 bd | 2 ba | 1,030 sqft
Estimated Monthly Rent: $$1,450
Cap Rate: 7.2%
(based on core financials)
4 bd | 2 ba | 1,605 sf
Estimated Monthly Rent: $1,350
Cap Rate: 8.00%
(based on core financials)
3 bd | 1 ba | 1,006 sf
Gross Monthly Income: $1,350
Cap Rate: 9.10%
(based on core financials)
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