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Property Sales - 41699417 - 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
41699417
City of Cleveland, USA
05 Dec 2023
£ 63,607 / € 72,662 / $ 74,900

Short Description

This three bedroom is amazing value at $74,900..

Key Information

  • Property ID: 41699417
  • Location: City of Cleveland
  • Property Type: House
  • Prices: £ 63,607 / € 72,662 / $ 74,900

Full Description

This three bedroom single family home is located in South Broadway which is just 7
miles from Downtown Cleveland. The house is also boardering on Shaker Heights and is
just 1.2 miles from the famous Shaker Heights High School. Shaker Heights is one of the
most demanded and prestigious 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 $1,200 in rent each month. The house
is under management with a great local Cleveland property management company.
South Broadway is just 2 miles South of Slavic Village which is going through large
development projects. This is one of the most up and coming areas in the City and in
huge demand by investors due to new build properties increasing the value of the
properties in the surrounding areas. The house is also just bordering on the famous
Shaker Heights, one of the most desirable areas in Cleveland. The house is just 1.2
miles from Shaker Heights High School.

Investment Calculations
Purchase price
$74,900
Gross annual rental income:
$14,400
Property running costs:(Tax, insurance and management costs)
$3,724
Net annual rental income:
$10,679
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

15%

Break even in

6.6 Years.

Contact the Advertiser

Property Alerts

  • House
  • 3 bedrooms
  • USA
  • City of Cleveland
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