Nubricks.com

Property Sales - 41706435 - House in USA, Ohio, Cuyahoga County, City of Cleveland

<< Back to search results

Four bedroom house

Property Information

Type:
Property ID:
Location :
Added On :
Price :
House
41706435
City of Cleveland, USA
03 Sep 2024
£ 45,773 / € 52,289 / $ 53,900

Short Description

This four bedroom house is a rare find at $53,900..

Key Information

  • Property ID: 41706435
  • Location: City of Cleveland
  • Property Type: House
  • Prices: £ 45,773 / € 52,289 / $ 53,900

Full Description

This nice four bedroom single family home is located 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 bathroom, a full converted basement and a large
rear garden with a detached garage, The house has tenants in place paying $750 in rent
each month and is under management with a great local Cleveland property management
company. The current market rent with Section 8 housing can reach up to $1,600 each
month.
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
$53,900
Gross annual rental income:
$9,000
Property running costs:(Tax, insurance and management costs)
$2,337
Net annual rental income:
$6,663
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

13%

Break even in

7.69 Years

Contact the Advertiser

Property Alerts

  • House
  • 4 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