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Property Sales - 41641727 - Townhouse in USA, Ohio, Cuyahoga County, Cleveland

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Three bedroom house

Property Information

Type:
Property ID:
Location :
Added On :
Price :
Townhouse
41641727
Cleveland, USA
05 Jul 2022
£ 44,924 / € 51,319 / $ 52,900

Short Description

This large three bedroom house is amazing value at $52,900..

Key Information

  • Property ID: 41641727
  • Location: Cleveland
  • Property Type: Townhouse
  • Prices: £ 44,924 / € 51,319 / $ 52,900
  • Detatched
  • Garden
  • Off Street Parking
  • Outside Space

Full Description

This really nice single large family home is located in Mount Pleasant and is only six
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 three large 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. The property has a private tenant currently in place paying $900 in
rent 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 1.4 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 6.2 miles from Downtown and 3.2 miles from the
University Circle.

Investment Calculation

Purchase price: 52,900

Gross annual rental income: $10,800

Property running costs: $2,580
(Tax, insurance and management costs)

Net annual rental income: $8,220

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

Return on investment: 16%

Break even in 6.25 Years

Contact the Advertiser

Property Alerts

  • Townhouse
  • 3 bedrooms
  • USA
  • Cleveland
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