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Property Sales - 41703670 - House in USA, Ohio, Cuyahoga County, City of Cleveland

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Four bedroom house

Property Information

Type:
Property ID:
Location :
Added On :
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House
41703670
City of Cleveland, USA
11 May 2024
£ 83,988 / € 95,945 / $ 98,900

Short Description

This four bedroom multi unit is amazing value at $98,900..

Key Information

  • Property ID: 41703670
  • Location: City of Cleveland
  • Property Type: House
  • Prices: £ 83,988 / € 95,945 / $ 98,900

Full Description

This large single family home is located on a very nice street in Woodland Hills, right next to the
Woodland Homes district just on the boarder of Buckeye Shaker. The house is just 2 miles from the
entrance to the world famous Cleveland Clinic.
The property is divided into two large apartments, you have a large two bedroom apartment
downstairs and a large two bedroom apartment upstairs. The house has just been refurbished
and made rental ready. The management company will place brand new tenants when the new
owner closes on the property. The house should achieve $950 – $1,250 in rent each month based
on current Section 8 rates.. The property is under management with a great local Cleveland
property management company.
Woodland Hills is viewed as a very central location in Cleveland Ohio, it is just 5 miles from
Downtown Cleveland, just 2 miles from the University Circle & only 1 mile from Shaker square.
There are many new built homes being built in this area, increasing the value or surrounding
properties with a good potential for capital appreciation. New builds are selling for over $300,000.

Investment Calculations
Purchase price
$98,900
Gross annual rental income:
$30,000
Property running costs:(Tax, insurance and management costs)
$4,353
Net annual rental income:
$25,647
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

26%

Break even in

3.84 Years.

Contact the Advertiser

Property Alerts

  • House
  • 4 bedrooms
  • USA
  • City of Cleveland
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