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Property Sales - 41694469 - House in USA, Ohio, Cuyahoga County, City of Cleveland

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Four bedroom house

Property Information

Type:
Property ID:
Location :
Added On :
Price :
House
41694469
City of Cleveland, USA
18 May 2023
£ 47,472 / € 54,230 / $ 55,900

Short Description

This four bedroom is amazing value at $55,900..

Key Information

  • Property ID: 41694469
  • Location: City of Cleveland
  • Property Type: House
  • Prices: £ 47,472 / € 54,230 / $ 55,900

Full Description

This really nice single large family home is located in Mount Pleasant and is only five
minutes from the famous Shaker Square. Shaker Square is one of the biggest
attractions in Cleveland and is full of restaurants, bars, boutiques and even has a
cinema.
The property has Four spacious bedrooms, one bathroom, a large lounge diner,
spacious kitchen and a full basement. The house is in a very nice street and has a
nice rear garden with a detached garage. The house has a long term tenant in place
paying $800 in rent each month. The market rent can reach up to $1,250 each
month. The house is under management with a great local Cleveland property
management company.

Mount Pleasant is seen as a very strong investment area in Cleveland, just 1.6 miles
away you have the famous Shaker Square which is one of the biggest attractions in
Cleveland. Shaker Square is full of restaurants, bars, boutiques and even has a
cinema. This property is also only 6 miles from Downtown and 4 miles from the
University Circle.

Investment Calculations
Purchase price
$55,900
Gross annual rental income:
$9,600
Property running costs:(Tax, insurance and management costs)
$2,416
Net annual rental income:
$7,184
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

13%

Break even in

7.69 Years

Contact the Advertiser

Property Alerts

  • House
  • 4 bedrooms
  • USA
  • City of Cleveland
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