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Property Sales - 41697800 - 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
41697800
City of Cleveland, USA
28 Sep 2023
£ 44,075 / € 50,349 / $ 51,900

Short Description

This three bedroom is amazing value at $51,900..

Key Information

  • Property ID: 41697800
  • Location: City of Cleveland
  • Property Type: House
  • Prices: £ 44,075 / € 50,349 / $ 51,900

Full Description

This very nice three bedroom family home is located in North Broadway which is
just 4 miles from Downtown Cleveland. This property is also less than a mile from
the centre of Slavic Village one of the most demanded areas in Cleveland.
The property has three bedrooms, one bathroom, a full basement and a large rear
garden. The property has tenants in place paying $900 in rent each month.
The house is under management with a great local Cleveland property
management company.

North Broadway is viewed as a very central location in Cleveland Ohio, it is just 4
miles miles from Downtown and 5 miles from University Circle. The property is also
less than 1 mile from 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 from investors.

Investment Calculations
Purchase price
$51,900
Gross annual rental income:
$9,600
Property running costs:(Tax, insurance and management costs)
$1,659
Net annual rental income:
$7,941
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

14%

Break even in

7.14 Years.

Contact the Advertiser

Property Alerts

  • House
  • 3 bedrooms
  • USA
  • City of Cleveland
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