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Property Sales - 41706544 - 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 :
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House
41706544
City of Cleveland, USA
19 Sep 2024
£ 69,551 / € 79,453 / $ 81,900

Short Description

This three bedroom house is amazing value at $81,900...

Key Information

  • Property ID: 41706544
  • Location: City of Cleveland
  • Property Type: House
  • Prices: £ 69,551 / € 79,453 / $ 81,900

Full Description

This very nice three bedroom single family home is located in Mount Pleasant and is right next to Shaker
Heights. The house is also just 2 miles from the famous Shaker Heights High School. Shaker Heights is
one of the most demanded and prestigious areas in Cleveland.
There are three bedrooms, one bathroom, a full basement and a large garden. The property will be
renovated by Global Investments best contractors and will be supplied rent ready to a Section 8 standard.
When complete the management company will place brand new vetted tenants. The house should
achieve $1,250 – $1,500 in rent each month. When the renovations are complete this house will have an
ARV of $105,000 – $125,000 giving the owner immediate equity in the property.
Mount Pleasant is seen as a very strong investment area in Cleveland, just 2.5 miles away you have
Shaker Square which is one of the biggest attractions in Cleveland. The house is also just bordering on
the famous Shaker Heights, one of the most desirable areas in Cleveland. The house is just 3 miles from
Shaker Heights High School.

Investment Calculations
Purchase price
$81,900
Gross annual rental income:
$18,000
Property running costs:(Tax, insurance and management costs)
$3,571
Net annual rental income:
$14,429
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
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