Nubricks.com

Property Sales - 41707243 - House in USA, Ohio, Cuyahoga County, City of Cleveland

<< Back to search results

Five bedroom house

Property Information

Type:
Property ID:
Location :
Added On :
Price :
House
41707243
City of Cleveland, USA
12 Oct 2024
£ 69,551 / € 79,453 / $ 81,900

Short Description

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

Key Information

  • Property ID: 41707243
  • Location: City of Cleveland
  • Property Type: House
  • Prices: £ 69,551 / € 79,453 / $ 81,900

Full Description

This lovely single family home is located on a nice street in Forest Hills close to the shores
of Lake Erie and is just a short walk from Glenville High School, one of the best schools in
Cleveland.
There are five bedrooms, 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 $1,300 – $1,750 in rent 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 mile 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
$81,900
Gross annual rental income:
$21,000
Property running costs:(Tax, insurance and management costs)
$3,476
Net annual rental income:
$17,524
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

22%

Break even in

4.54 Years.

Contact the Advertiser

Property Alerts

  • House
  • 5 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