Willoughby, OH 44094
Asking Price
$199,000
Beds
2
Baths
2
Square Footage
2,864 sqft
Property Type
Duplex
Year Built
1979
About This Property
Cash-Flowing Duplex on 1+ Acre in Willoughby, 44094
Well-kept duplex on a large lot with both units rented: 2 bed / 2 bath, ~2,000 sqft downstairs at $1,500/mo, and 1 bed / 1 bath, ~800 sqft upstairs at $650/mo (month-to-month).
$2,150/mo in place with room to push rents
Main house was fully renovated in 2023
Detached garage needs work.
Text Laith to get details and make an offer: 380-270-1216
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Estimated Net Profit
$47,362
ROI: 23.1%·Cash-on-Cash: 96.7%
Project Breakdown
- Sale Price (ARV)
- $278,600
- Purchase Price
- $199,000
- Rehab Budget
- $0
- Interest (12%, 4 mo)
- $6,368
- Points (2%)
- $3,184
- Closing Costs (3%)
- $5,970
- Selling Costs (6%)
- $16,716
- Total Cash Required
- $48,954
- Net Profit
- $47,362
Estimates only. Verify prices, rents, and repair scope with your own due diligence before making an offer.
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