Nubricks.com

Property Sales - 41700403 - House in USA, Ohio, Cuyahoga County, City of Cleveland

<< Back to search results

Three bedroom house

Property Information

Type:
Property ID:
Location :
Added On :
Price :
House
41700403
City of Cleveland, USA
18 Jan 2024
£ 57,662 / € 65,871 / $ 67,900

Short Description

This three bedroom house is a rare find at $67,900..

Key Information

  • Property ID: 41700403
  • Location: City of Cleveland
  • Property Type: House
  • Prices: £ 57,662 / € 65,871 / $ 67,900

Full Description

This fantastic three bedroom siingle 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 large bedrooms, one bathroom, a large lounge diner, a full
basement and a large rear garden, The house has just been completely refurbished and
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
$1,100 – $1,200 in rent each month.
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
$67,900
Gross annual rental income:
$14,400
Property running costs:(Tax, insurance and management costs)
$2,674
Net annual rental income:
$11,726
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
Note: You can 'widen' the alert by clicking on items in the above list to remove them

Useful Services

CAPTCHA Send my request

Related Properties

© 2005-2013 nubricks.com The Overseas Property Blog. All Rights Reserved
Nubricks.com, 24 Jacks Place, Shoreditch London, E1 6NN, United Kingdom