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Property Sales - 41700557 - House in USA, Ohio, Cuyahoga County, City of Cleveland

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Two bedroom house

Property Information

Type:
Property ID:
Location :
Added On :
Price :
House
41700557
City of Cleveland, USA
24 Jan 2024
£ 49,170 / € 56,170 / $ 57,900

Short Description

This two bedroom house is a rare find at $57,900..

Key Information

  • Property ID: 41700557
  • Location: City of Cleveland
  • Property Type: House
  • Prices: £ 49,170 / € 56,170 / $ 57,900

Full Description

This fantastic large two bedroom single family home is located on a nice street in St.ClairSuperior which is just 2.8 miles to Downtown Cleveland. Properties close to the City rarely
come onto the market at the right price as there is huge potential for future capital
appreciation.
The property has two large bedroom, a large lounger diner, a full basement and a large rear
garden. The house has just been made rental ready to a Section 8 standard. The management
company will place brand new tenants when the new owner closes on the property. The
house should achieve $900 – $1,100 in rent each month. The tenants could be Section 8 or
Private.
St.Clair-Superior is an extremely well located suburb which is just 2.8 miles East of the centre
of downtown. The property is very close to Burke Lakefront Airport just to the North. Due to
the proximity of the City and every amenity possible this area is very highly demanded for
rentals.

Investment Calculations
Purchase price
$57,900
Gross annual rental income:
$13,200
Property running costs:(Tax, insurance and management costs)
$2,612
Net annual rental income:
$10,588
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

19%

Break even in

5.26 Years.

Contact the Advertiser

Property Alerts

  • House
  • 2 bedrooms
  • USA
  • City of Cleveland
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