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Property Sales - 41707387 - House in USA, Ohio, Cuyahoga County, City of Cleveland

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Six bedroom house

Property Information

Type:
Property ID:
Location :
Added On :
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House
41707387
City of Cleveland, USA
24 Oct 2024
£ 80,591 / € 92,064 / $ 94,900

Short Description

This six bedroom house is amazing value at $94,900..

Key Information

  • Property ID: 41707387
  • Location: City of Cleveland
  • Property Type: House
  • Prices: £ 80,591 / € 92,064 / $ 94,900

Full Description

This large six bedroom single family home is located in the sought after area of Glenville,
just 3 miles to the centre of University Circle. There are a large number of new build
properties being constructed in this area having a positive impact on nearby real estate.
There are six 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 $1,400 – $1,800 in rent each
month.
Glenville is seen as a very strong investment area in Cleveland, it is close to the Waterloo
District, Euclid, Bratenahl and the I90 (highway). The property is extremely well located
and is 3 minutes from Rockefeller Park & Greenhouse, 3 minutes from Cultural Garden, 5
minutes form Gordon Park and 11 minutes from Downtown Cleveland.

Investment Calculations
Purchase price
$94,900
Gross annual rental income:
$21,600
Property running costs:(Tax, insurance and management costs)
$3,433
Net annual rental income:
$18,167
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

19%

Break even in

5.26 Years.

Contact the Advertiser

Property Alerts

  • House
  • 6 bedrooms
  • USA
  • City of Cleveland
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