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Property Sales - 41708280 - 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
41708280
City of Cleveland, USA
19 Dec 2024
£ 69,551 / € 79,453 / $ 81,900

Short Description

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

Key Information

  • Property ID: 41708280
  • Location: City of Cleveland
  • Property Type: House
  • Prices: £ 69,551 / € 79,453 / $ 81,900

Full Description

This great single family home is located on a nice street in Corlett and is less than a mile and
two minutes from John Adams College, one of the leading 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. The works will begin after the new owner closes on the property. When
complete the management company will place brand new vetted tenants. The house should
achieve $1,250 – $1,700 in rent each month.
Corlett is viewed as a very central location in Cleveland Ohio, it is just 7 miles from
Downtown and 5 miles from University Circle. Also less than 2 miles away you have Lee
Harvard shopping centre. The property is also just walking distance to John Adams College,
one of the best schools in Cleveland.

Investment Calculations
Purchase price
$81,900
Gross annual rental income:
$17,400
Property running costs:(Tax, insurance and management costs)
$3,338
Net annual rental income:
$14,062
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

17%

Break even in

5.8 Years.

Contact the Advertiser

Property Alerts

  • House
  • 3 bedrooms
  • USA
  • City of Cleveland
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