Added On :
City of Cleveland, USA
17 Nov 2017
£ 19,773 / € 22,165 / $ 24,900
This large three bedroom house is amazing value at only $24,900 and also tenanted.
This large three bedroom house is located on a nice street in South Broadway just 7.1 miles from Downtown Cleveland. There are three large bedrooms, a full basement and a large rear garden. This property is in a good condition and has great long term tenants in place who are paying $600 rent a month . This property is under management by one of the leading Cleveland property management companies.
South Broadway is viewed as a very central location in Cleveland Ohio, it is just 7.1 miles miles from Downtown and 6.3 miles from University Circle. University Circle has the highest concentration of cultural attractions and performing arts venues in the whole of the US, such as the Cleveland Museum of Art; Severance Hall, Cleveland Institute of Art; Case Western Reserve University, plus many more.
Purchase price: $24,900
Gross annual rental income: $7,200
Property running costs: $2,585
(Tax, insurance and management costs)
Net annual rental income: $4,615
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 19%