Property Sales - 41695056 - House in USA, Ohio, Cuyahoga County, Cleveland

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Three bedroom house

Property Information

Property ID:
Location :
Added On :
Price :
Cleveland, USA
21 Jun 2023
£ 106,068 / € 121,168 / $ 124,900

Short Description

This three bedroom house is amazing value at $124,900..

Key Information

  • Property ID: 41695056
  • Location: Cleveland
  • Property Type: House
  • Prices: £ 106,068 / € 121,168 / $ 124,900

Full Description

This fantastic three bedroom property is not about the return, it is about purchasing a house in a
A + Area where properties can sell for over 1.5 million.Mentor On The Lake is a highly sought
after area and has been voted one of the best areas to live in the whole County. This particular
property is just four miles to Mentor Lagoons Nature Preserve & Marina.
The house has three very spacious bedrooms, one bathroom and a large garage, more great
features include full fenced in yard with large storage shed, situated near a cul de sac. The
house is in great condition and now vacant, the new owner will need to spend some money
making the property rental ready so the management company could place a brand new tenant.
The house should achieve $1,250 in rent each month. The property is also on a double lot that
could be built on.

Mentor On The Lake is located in the Northeast corner of Ohio along the shores of Lake Erie.
Mentor-on-the-Lake is a wonderful place to live and raise a family and is incredibly popular with
tourists, you will find hotels such as the the Marriott, The Hampton, Best Westin and plenty of
bars and restaurants.

Investment Calculations
Purchase price
Gross annual rental income:
Property running costs:(Tax, insurance and management costs)
Net annual rental income:
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment


Break even in

11,1 Years.

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  • House
  • 3 bedrooms
  • USA
  • Cleveland
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