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Property Sales - 41707244 - House in USA, Ohio, Cuyahoga County, City of Cleveland

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Three bedroom house

Property Information

Type:
Property ID:
Location :
Added On :
Price :
House
41707244
City of Cleveland, USA
12 Oct 2024
£ 76,345 / € 87,214 / $ 89,900

Short Description

This three bedroom home is a rare find at $89,900..

Key Information

  • Property ID: 41707244
  • Location: City of Cleveland
  • Property Type: House
  • Prices: £ 76,345 / € 87,214 / $ 89,900

Full Description

This lovely three bedroom single family home is located on a nice street in Old Brooklyn on the
Westside of Cleveland, Old Brooklyn is a very desirable area in Cleveland where new construction
single family homes fetch over $400,000. The house is just 1 mile from Cleveland Metroparks Zoo
and food court.
There are three large bedrooms, one bathrooms, a full basement, and a large garden. The
property has private tenants in place paying $850 in rent each month. The market rent in this
location can reach up to $1,500 The market value for this property is closer to $120,000 –
$140,000 giving the new owner immediate equity in the property.
Old Brooklyn is located on the Westside and viewed as a very central location in Cleveland Ohio, it
is just 7 miles from Downtown Cleveland and only 4 miles from Detroit Shoreway which is one of
the best areas in Cleveland. The property is also only 1 mile from Cleveland Metroparks Zoo and
food court which is a lovely family area of Cleveland.

Investment Calculations
Purchase price
$89,900
Gross annual rental income:
$10,200
Property running costs:(Tax, insurance and management costs)
$3,415
Net annual rental income:
$6,785
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

8%

Break even in

12.5 Years

Contact the Advertiser

Property Alerts

  • House
  • 3 bedrooms
  • USA
  • City of Cleveland
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