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Property Sales - 38530679 - 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
38530679
City of Cleveland, USA
11 Aug 2019
£ 28,648 / € 31,904 / $ 38,900

Short Description

This charming three bedroom house is amazing value at $38,900..

Key Information

  • Property ID: 38530679
  • Location: City of Cleveland
  • Property Type: Townhouse
  • Prices: £ 28,648 / € 31,904 / $ 38,900
  • Detatched
  • Garden
  • Allocated Parking
  • Garage
  • Outside Space

Full Description

This three bedroom home is located on a very nice street in the sought after area of South-Collinwood, it is just five minutes from the Lakeshore and three minutes and less than a mile from Collingwood High School, one of the best schools in Cleveland. The property is in a good condition and has three large bedrooms, a garage and a large rear garden, the tenants are paying $750 rent a month. This property is under management by a great local property management company.

South-Collinwood is seen as a very strong investment area in Cleveland, this area is surrounded by some great neighbourhoods like University Heights, Glenville, Richmond Heights and Euclid, The property is just 1.8 miles and just 5 minutes from the famous Euclid Avenue where you will find many shops, restaurants, hotel chains & the town hall. This is one of our most demanded areas by investors.

Investment Details

Purchase price: 38,900

Gross annual rental income: $9,000

Property running costs: $2,050
(Tax, insurance and management costs)

Net annual rental income: $6,950

Investment calculation - Net Income divided by Purchase price = NET ROI.

Return on investment: 18%

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Property Alerts

  • Townhouse
  • 3 bedrooms
  • USA
  • City of Cleveland
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