Property Sales - 41649518 - Townhouse in USA, Ohio, Cuyahoga County, City of Cleveland

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Four bedroom house

Property Information

Property ID:
Location :
Added On :
Price :
City of Cleveland, USA
14 Sep 2022
£ 38,222 / € 42,565 / $ 51,900

Short Description

This large four bedroom house is amazing value at $51,900..

Key Information

  • Property ID: 41649518
  • Location: City of Cleveland
  • Property Type: Townhouse
  • Prices: £ 38,222 / € 42,565 / $ 51,900
  • Detatched
  • Garden
  • Off Street Parking
  • Outside Space

Full Description

This fantastic large four bedroom house is located on a nice street in Union – Miles Park
which is a great neighbourhood in Cleveland, this area is close to Mount Pleasant and
Slavic Village. It is also just a few minutes from John Adams College And Career
Academy, which is one of the best schools in Cleveland.
There are four large bedrooms, two bathrooms a full basement and a large rear garden.
There are long term tenants in place that have resided in the house for 21 years paying
$815 rent a month. Large four bedroom detached homes in this area reach up to $1,200
each month so the rent has the potential to be increased in the future. The property is
under management by a local Cleveland property management company.

Union – Miles Park is viewed as a very central location in Cleveland Ohio, it is just 6 miles
from Downtown and 4 miles from University Circle. University Circle has the highest
concentration of cultural attractions and performing arts venues in the whole of the US.
The house is also just a short walk to John Adams College And Career Academy, which is
one of the best schools in Cleveland.

Investment Calculation

Purchase price: 51,900

Gross annual rental income: $9,780

Property running costs: $2,278
(Tax, insurance and management costs)

Net annual rental income: $7,502

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

Return on investment: 15%

Break even in 6.6 Years

Contact the Advertiser

Property Alerts

  • Townhouse
  • 4 bedrooms
  • USA
  • City of Cleveland
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