13416 Casper Road, Cleveland, OH 44110

13416 Casper Rd: Collinwood Duplex, Projected 13-17% Cap Rate After Rehab Investors, this is the one you build your way. 13416 Casper Rd is a duplex with two 3-bedroom, 1-bath units in Cleveland’s Collinwood neighborhood, priced at just $39,900. It’s a blank canvas: you control every finish, every system, and every dollar instead of inheriting someone else’s shortcuts. The opportunity: Do the rehab once and do it right, with a new roof, mechanicals, electrical, plumbing and finishes, and you own a property with no expected capital expenditures for years. Lower maintenance, fewer surprises, and more of every rent check in your pocket. The numbers: With an estimated $90K-$100K rehab, you’re all-in around $130K-$140K on a property with an estimated $170K ARV, creating $30K-$40K in equity. Renovated 3-bed units in 44110 rent for $1,250-$1,450, and CMHA’s 3-bedroom voucher standard is around $1,559. That projects $30,000-$34,800/year in gross rent and a 13-17% cap rate on your...