07/07/2026
This Cleveland off-market lead is interesting, but only if the buy price stays disciplined.
We’re looking at a 3 bed / 2 bath single-family in the Old Brooklyn area with a 2-car garage and public estimates pointing to a sub-$200k ARV range.
The deal is not listed on MLS. No seller asking price is verified yet, so this is an outreach lead, not an offer-ready deal.
𝗤𝘂𝗶𝗰𝗸 𝗻𝘂𝗺𝗯𝗲𝗿𝘀:
Estimated ARV: $165k-$185k
Base ARV: ~$172k
Rent estimate: $1,500-$1,650/mo
Taxes: ~$1,856/year
Rehab placeholder: $20k-$30k
Soft outreach anchor: $82k-$88k
Flip stretch: $90k
Rental/BRRRR stretch: $110k after walkthrough
Pass above: $115k unless terms or inspection change the math
The best strategy looks like rental/BRRRR first, flip second.
At roughly $105k purchase + $25k rehab, the basis is about $132k before lender and carrying costs. If rent lands near the high end, the DSCR may work, but only with controlled leverage. A full 75% ARV refi may be too aggressive.
For a flip, the buy needs to be closer to $85k-$90k. Above that, the spread likely gets thin.
Would you buy, pass, or counter this one? And what number would you start with?
𝗖𝗼𝗺𝗺𝗲𝗻𝘁 𝗖𝗹𝗲𝘃𝗲𝗹𝗮𝗻𝗱 𝗶𝗳 𝘆𝗼𝘂 𝘄𝗮𝗻𝘁 𝘁𝗵𝗲 𝗳𝘂𝗹𝗹 𝗯𝗿𝗲𝗮𝗸𝗱𝗼𝘄𝗻.
Preliminary investor analysis only. Verify condition, title, taxes, insurance, code compliance, rents, and financing before making any offer.