Added On :
City of Cleveland, USA
12 Jul 2019
£ 33,066 / € 36,824 / $ 44,900
This large three bedroom house is a great find at $44,900..
This fantastic three bedroom house is in a great location in Lee Miles. The property is only one mile to John F Kennedy High School, which is one of the best high schools in Cleveland, it is also just five minutes from the the Lee Harvard Plaza & shopping centre. There are three bedrooms, a full basement , a detached garage and a large garden. The property has just been made rental ready and is now also tenant occupied. The tenants are paying $800 rent each month. This property is under management by a grea local company.
Lee Miles is a very well kept busy area in the City of Cleveland, less than a two minute walk away you will find the Lee Harvard Plaza which contains many of leading fast food chains. This area is surrounded by some of the very best neighbourhoods in Cleveland including Shaker Heights and Maple Heights.
Purchase price: 44,900
Gross annual rental income: $9,600
Property running costs: $2,609
(Tax, insurance and management costs)
Net annual rental income: $6,991
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 16%