Property Details
Comparable rentals in the surrounding area generally support this range. Zillow’s automated estimate is lower at 1,360/month for the entire property, but that figure may not reflect two renovated and separately rented units.
The property’s reported 2024 tax bill was 1,404. Cuyahoga County bills real-estate taxes twice annually and in arrears.
Ohio landlord insurance averages about 1,093 annually, but I would underwrite this older duplex at approximately 1.5k because of its age, multiple units, and increased replacement risk.
Using 2k/month total rent:
Without professional property management, the projected return increases to approximately 10.3%.
This calculation is based on the 175k stabilized market value, not the investor’s actual cash invested. To calculate the true cash ROI, I would still need the buyer’s purchase price and financing terms.
Next Steps
For questions or to make a deal happen, call:
George (954) 282-1367
Disclaimer
IMPORTANT: This listing represents an assignment of a purchase contract or direct contract as a double close, if applicable—not a direct property sale. Buyer is responsible for conducting their own due diligence. All information provided is believed to be accurate but is not guaranteed. This opportunity is offered to qualified real estate investors only.
Time-sensitive opportunity—this contract is being offered to multiple investors.
4 Bedrooms | 2 Baths | 2,636 ft
6 Bedrooms | 3 Baths | 3,041 ft