The project 5 propriétés Cleveland 19/07/24 by Realt

Review of the project 5 propriétés Cleveland 19/07/24 by Realt

Review's score :

Score details

To assign the grades A and E, we use a Bonus/Malus system.
⚠️ Some criteria may be missing in the detailed list below.
⚠️ The scoring model is not suitable for all types of projects.
The total points for this project is 9

Criteria	Points
mortgage coverage	∅
optimistic scenario margin	∅
pre-commercialization	∅
track record	🟩🟩
location	🟩🟩
in the vicinity	🟩
yield	∅
LTA	🟩
LTS	🟩
operator commitment	∅
sales price	🟩
permanent loss	∅
late projects	∅
price trend	∅
urban planning risk	🟩
debt to equity	∅
debt to asset	∅

This review is proposed by Grégory Vaur on 19/07/2024

⏰ The project starts on 19/07/2024 17h00
💰 The estimated rate of return is 9.53% per year.
⏱ The duration of the project is ∞
💼 Minimum amount to invest is 50$

Project Analysis: Cleveland 5 properties 24/07/24 at Realt by Gregory Vaur

The project is scheduled for July 19, 2024, with an overall assessment of a 9.53% average return. The properties feature 3 or 4 bedrooms, with consistent acquisition prices and rents. Crime rates are relatively low for the 2 properties in Cleveland, with renovation budgets ranging from 9 to 19% of acquisition prices.

Project Overview

The project involves the purchase of 5 houses ranging from 96 to 220 m² with 3 or 4 bedrooms located near Cleveland (Euclid, Maple Heights). Cleveland is a city of approximately 362,000 inhabitants in Ohio, a 2-hour drive from Pittsburgh.

💶 Amount: $530,769 to be financed

⏰ Repayment: In fine; Interest: 1w

Property Details

🏠 16811 Glendale Avenue, Cleveland: 3 bedrooms + 1 bathroom

✅ Acquisition: $70k

❗️ Rent: $1330/month

🏠 3469 Martin Luther King Jr Dr, Cleveland: 4 bedrooms + 2 bathrooms

✅ Acquisition: $86k

✅ Rent: $1500/month

🏠 18303 Maple Heights Blvd, Maple Heights: 3 bedrooms + 1.5 bathrooms

✅ Acquisition: $78k

❗️ Rent: $1380/month

🏠 22601 Ivan Ave, Euclid: 3 bedrooms + 1.5 bathrooms

✅ Acquisition: $78k

❗️ Rent: $1365/month

🏠 3966 Lancaster Rd, South Euclid: 3 bedrooms + 1 bathroom

✅ Acquisition: $84k

❗️ Rent: $1640/month

Project Assessment

The project showcases promising investment prospects with good rental returns, reasonable renovation budgets, and low crime rates in most neighborhoods. The properties are well-located with nearby amenities, making them attractive for potential tenants.

Though some properties may require higher renovation budgets, the overall potential for decent returns and property appreciation makes this project a worthwhile investment opportunity.

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Historial rates of return Realt

Investor votes results for the project: 5 propriétés Cleveland 19/07/24

38 voters
👎29% 👍45% 🤷5% 🏳️21%
To vote :

Grégory Vaur
Grégory, I am 26 years old and have been an investor in real estate crowdfunding, stock markets and crowd-lending for around 1 year. I trained myself by watching videos on these subjects. I am currently registered on the first brick, Clubfunding, Raizers...