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Property Sales - 29384885 - Townhouse in USA, Ohio, Cuyahoga County, City of Cleveland

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Three bedroom house

Property Information

Type:
Property ID:
Location :
Added On :
Price :
Townhouse
29384885
City of Cleveland, USA
17 Nov 2017
£ 19,773 / € 22,165 / $ 24,900

Short Description

This large three bedroom house is amazing value at only $24,900 and also tenanted.

Key Information

  • Property ID: 29384885
  • Location: City of Cleveland
  • Property Type: Townhouse
  • Prices: £ 19,773 / € 22,165 / $ 24,900
  • Detatched
  • Garden
  • Suburban
  • Town
  • Off Street Parking

Full Description

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.

Investment Details

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%

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Property Alerts

  • Townhouse
  • 3 bedrooms
  • USA
  • City of Cleveland
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