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Property Sales - 41707450 - House in USA, Ohio, Cuyahoga County, City of Cleveland

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Three bedroom house

Property Information

Type:
Property ID:
Location :
Added On :
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House
41707450
City of Cleveland, USA
31 Oct 2024
£ 67,853 / € 77,513 / $ 79,900

Short Description

This three bedroom house is a rare find at only $79,900..

Key Information

  • Property ID: 41707450
  • Location: City of Cleveland
  • Property Type: House
  • Prices: £ 67,853 / € 77,513 / $ 79,900

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 five minutes from Glenville High School, one of the best
schools in Cleveland.
There are three 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 $1,250 – $1,450 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 2 miles to Forest Hills Park, a historic urban park
that was a portion of John D. Rockefeller’s estate. The 248-acre (1.00 km2) park has six
baseball diamonds (four lit), six lit tennis courts and three walking trails that have
retained the natural green space.

Investment Calculations
Purchase price
$79,900
Gross annual rental income:
$17,400
Property running costs:(Tax, insurance and management costs)
$2,955
Net annual rental income:
$14,445
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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