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Property Sales - 41700927 - House in USA, Ohio, Cuyahoga County, City of Cleveland

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Three bedroom house

Property Information

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Property ID:
Location :
Added On :
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House
41700927
City of Cleveland, USA
04 Feb 2024
£ 59,361 / € 67,811 / $ 69,900

Short Description

This three bedroom house is amazing value at $69,900..

Key Information

  • Property ID: 41700927
  • Location: City of Cleveland
  • Property Type: House
  • Prices: £ 59,361 / € 67,811 / $ 69,900

Full Description

This fantastic three bedroom brick built single family home is located arguably the best
street in Forest Hills close to the shores of Lake Erie and is just a short walk to Glenville
High School, one of the best schools in Cleveland.
The property has three bedrooms, one and as half bathrooms, a full converted basement
and a large rear garden, it also was recently refurbished and has newer a hot water tank
and furnace. The house has tenants in place paying $1,100 in rent each month and is
under management with a great local Cleveland property management company.
Forest Hills is seen as a very strong investment area in Cleveland, it is close to the Waterloo
District, Euclid, Bratenahl and the I90 (highway) Lakeshore is appealing for bus lines and
bike trails. The house is just 1.5 miles to the Famous Shoreby Club and the neighbouring
community Bratenahl. Bratenahl is one of the most exclusive residential areas in Cleveland
where properties can sell in the Millions.

Investment Calculations
Purchase price
$69,900
Gross annual rental income:
$13,200
Property running costs:(Tax, insurance and management costs)
$2,285
Net annual rental income:
$10,915
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

16%

Break even in

6.25 Years.

Contact the Advertiser

Property Alerts

  • House
  • 3 bedrooms
  • USA
  • City of Cleveland
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