CLIENT SUCCESS STORY
David & Diego
Bogota, Colombia
Purchased and Financed in
We helped David, Diego, and their investor group from Europe and Latin America remotely acquire and finance their first rental property in Cleveland, Ohio
PROPERTY SOURCED
FULLY RENOVATED
DUE DILIGENCE
FINANCE APPROVED
CASH FLOW & EQUITY
PURCHASE PRICE
$137,500
MONTHLY RENT
$1,400
NET MONTHLY
$293/mo
CASH-ON-CASH
9.2%
PROJECTED ROI*
29.9%
*Calculations based on 6 months of actual ownership. Cash-on-Cash return includes reserves for vacancy and repairs.
*Calculations based on 6 months of actual ownership. Cash-on-Cash return includes reserves for vacancy and repairs. Projected ROI includes an assumption of 5% p.a. capital growth, and mortgage pay down.
Overview
David, Diego and their group of investors from Europe are building a real estate portfolio in the United States. In late 2025, they were actively searching for their first deal in Cleveland, Ohio.
With members of their group based in Europe and Latin America, they were keen to acquire turnkey assets that did not require heavy renovations. They were also looking for properties with a lower purchase price for the first ‘proof of concept’ deal.
After struggling to find a well-priced deal in good condition that also met their purchase and financing criteria, they were refered to Cashflow Rentals by their mortgage lender.
The Property
PROPERTY TYPE
Single Family Home
LOCATION
Cleveland
BEDS / BATHS
3 Bed / 1 Bath
SIZE
1,392 Sq Ft
PROPERTY TYPE
Single Family
BEDS / BATHS
3 Bed / 1 Bath
SIZE
1,392 Sq Ft
LOCATION
Cleveland
Why This Property
With the Group’s strict purchase criteria in mind, we sourced two off-market properties on the same street on the West side of Cleveland, Ohio, both priced at $140,000.
The properties had been recently renovated, and were still owned by the Contractor who was managing them as part of their own Cleveland portfolio.
After a detailed analysis of both property’s location, condition, and financials, David and Diego settled on the larger of the two properties.
We felt this property was a good fit for the Group as it met their purchase and financing criteria.
We coordinated a thorough due diligence process, including a home inspection, subsequent repairs, and an appraisal. As a result, we secured a final purchase price of $137,500.
Our lender was also able to provide the Group with a 70% LTV DSCR loan to fund the purchase, with no U.S. credit or proof of income requirements.
The Results
CASH INVESTMENT
$48,125
MONTHLY RENT
$1,400
NET MONTHLY
$293/mo
CASH-ON-CASH
9.2%
PROJECTED ROI*
29.9%
*Calculations based on 6 months of actual ownership. Cash-on-Cash return includes reserves for vacancy and repairs.
*Calculations based on 6 months of actual ownership. Cash-on-Cash return includes reserves for vacancy and repairs. Projected ROI includes an assumption of 5% p.a. capital growth, and mortgage paydown.
The Group closed in February 2025 using a remote online notary for all five LLC members based in different locations around the world.
While there was an exisiting tenant at the time of closing, they vacated the property shortly afterwards. The property manager is now working to turn the property over and lease to a new long-term tenant.
The unfortunate timing of the vacancy (immediately after closing) demonstrates the importance of proper contingency planning when underwriting real estate deals.
Once the property is leased, it will generate around $16,800 per year in gross rents, and around $3,600 in net free cash flow after debt service and operational costs.
What The Client has To Say
Our first U.S. rental...
“This was our first investment in the U.S., and we had very specific criteria in terms of location, property condition, price, and cash flow potential. The vacancy is bad timing, but we had a plan in place to handle that.”
David & Diego
Bogota, Colombia
What The Client has To Say
“This was our first investment in the U.S., and we had very specific criteria in terms of location, property condition, price, and cash flow potential. The vacancy is bad timing, but we had a plan in place to handle that.”
David & Diego
Bogota, Colombia
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"Having personally invested in over 120 U.S. rental properties from overseas, I created this service to help international investors build U.S. real estate portfolios safely and remotely."
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