Added On :
City of Cleveland, USA
06 Dec 2018
£ 28,342 / € 32,091 / $ 35,900
This large three bedroom house is a rare find at $35,900...
This large three bedroom house is located on a nice street in Saint Clair- Superior just 3.4 miles from Downtown Cleveland and 2.4 miles from the University Circle. Saint Clair-Superior is close to the great lake, borderline lake properties offer lots of potential for future growth. The property has great tenants in place and they are keeping it in great condition paying $750 per month, This is a fantastic investment property and managed by a great local Cleveland management company.
Saint Clair-Superior is viewed as an up and coming area in Cleveland due to its close proximity to the lake, it is also just 3.4 miles from Downtown and 2.4 miles from University Circle. The University Circle has the highest concentration of cultural attractions and performing arts venues in the whole of the US.
Purchase price: 35,900
Gross annual rental income: $9,000
Property running costs: $2,232
(Tax, insurance and management costs)
Net annual rental income: $6,768
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 19%