Added On :
City of Cleveland, USA
22 Nov 2022
£ 38,979 / € 44,529 / $ 45,900
This three bedroom house is amazing value at $45,900..
This large three bedroom single family home is located on a nice street in East
Cleveland only half a mile and walking distance to Shaw High School.
The property has three large bedrooms, one bathroom, a nice large kitchen / diner and
a full basement. This property is in a good condition and has tenants already in place
paying $800 in rent each month.
The property is under management by a great local Cleveland property management
East Cleveland is seen as a very strong investment area in Cleveland, this area is
surrounded by some great neighbourhoods like University Heights, Glenville, South
Collinwood Richmond Heights and Euclid. The house is just five minutes to Forest Hills
Park, a historic urban park that was a portion of John D. Rockefeller’s estate. The 248-
acre (1.00 km2) park has six baseball diamonds (four lit), six lit tennis courts and three
walking trails that have retained the natural green space.
Purchase price: $45,900
Gross annual rental income: $9,600
Property running costs: $1,906
(Tax, insurance and management costs)
Net annual rental income: $7,694
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 17%
Break even in 5.8 Years