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Property Sales - 41696174 - House in USA, Ohio, Cuyahoga County, City of Cleveland

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Three bedroom house

Property Information

Type:
Property ID:
Location :
Added On :
Price :
House
41696174
City of Cleveland, USA
09 Aug 2023
£ 55,115 / € 62,961 / $ 64,900

Short Description

This three bedroom house is amazing value at $64,900..

Key Information

  • Property ID: 41696174
  • Location: City of Cleveland
  • Property Type: House
  • Prices: £ 55,115 / € 62,961 / $ 64,900

Full Description

This very nice three bedroom single family home is located on a nice street
in Corlett and is just a short walk to John Adams College, one of the leading
schools in Cleveland.
The property has three large bedrooms, a large lounge diner, a full
basement and a large rear garden, it has just been made rent ready to a
Section 8 standard.
Once the new owner closes on the property the management company will
place brand new tenants, the house should achieve $1,000 – $1,200 in rent
each month.

Corlett is viewed as a very central location in Cleveland Ohio, it is just 8
miles from Downtown and 5 miles from University Circle. Also just 2 miles
away you have Lee Harvard shopping centre. The property is also just a
short walk to John Adams College, one of the best schools in Cleveland.

Investment Calculations
Purchase price
$64,900
Gross annual rental income:
$14,400
Property running costs:(Tax, insurance and management costs)
$2,949
Net annual rental income:
$11,451
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

18%

Break even in

5.5 Years.

Contact the Advertiser

Property Alerts

  • House
  • 3 bedrooms
  • USA
  • City of Cleveland
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