Added On :
City of Cleveland, USA
27 Aug 2022
£ 58,842 / € 65,529 / $ 79,900
This large four bedroom multi unit is amazing value at $79,900..
This fantastic two bedroom family home is located on a nice street in South
Broadway which is just 5 miles from Downtown Cleveland. This property is also in
the heart of Broadway Slavic Village just half a mile from Slavic Village, one of the
most demanded areas in Cleveland due to the new build homes increasing in the
The property has two large bedrooms, one bathroom, a nice lounge diner, a full
basement with a large rear garden and a detached garage. There are good
tenants in place and wish to stay paying $900 in rent each month.The property is
under management by a great local Cleveland property management company.
South Broadway is viewed as a very central location in Cleveland Ohio, it is just 5
miles miles from Downtown and 5.6 miles from University Circle. The property is
also in the heart of Broadway Slavic Village. Slavic Village is going through large
development projects. This is one of the most up and coming areas in the City and
in huge demand by investors.
Purchase price: 56,900
Gross annual rental income: $10,800
Property running costs: $2,159
(Tax, insurance and management costs)
Net annual rental income: $8,641
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 16%
Break even in 6.25 Years