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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 est...imated $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 all-in cost, even with professional management. The strategy: Buy, renovate, rent, then refinance at ARV to pull most of your capital back out and repeat (BRRRR). Two 3-bedroom units mean two income streams and cash flow even with a vacancy. Location: Steady rental demand, quick access to I-90 and downtown, minutes from Lake Erie and the Waterloo Arts District. Deals with this kind of spread are hard to find. Bring your contractor and your vision. Schedule your showing today! “All projections are estimates based on market data; buyer to verify rents, rehab costs, ARV and expenses.”

MLS Now, MLS#: 5259383
Listed By: Source One Realty LLC, Ian Grame

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Bedrooms

  • Total Bedrooms: 6

Bathrooms

  • Full bathrooms: 2

Basement

  • Full

Construction Materials

  • Wood Siding

Cooling

  • Other

Heating

  • None

Levels

  • Three Or More

Parking Features

  • Driveway

Roof

  • Asphalt

Sewer

  • Public Sewer

WaterSource

  • Public

Rooms

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Listed By:
Source One Realty LLC
Ian Grame

Data Source: MLS Now

MLS#: 5259383

Data Source Copyright: © 2026 MLS Now All rights reserved.

© 2026 MLS NOW, INC. All rights reserved.

This property was listed on 11/11/2026 and last updated as of 11/11/2026 9:08:19 PM. OSI IDX updated the data from MLS Now on 11/12/2026 at 11:24 PM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.