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Property Sales - 41708584 - 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
41708584
City of Cleveland, USA
16 Jan 2025
£ 67,853 / € 77,513 / $ 79,900

Short Description

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

Key Information

  • Property ID: 41708584
  • Location: City of Cleveland
  • Property Type: House
  • Prices: £ 67,853 / € 77,513 / $ 79,900

Full Description

This great single family home is located on a nice street in Corlett and is less than a mile and
minutes from John Adams College, one of the leading schools in Cleveland.
There are four 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. 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 based on the current Sectiopn 8 rates. The house
once renovated will have an ARV of approx $100,000 giving the new owner immediate equity
in the property.
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 walkimg distance to John Adams College,
one of the best schools in Cleveland.

Investment Calculations
Purchase price
$79,900
Gross annual rental income:
$20,400
Property running costs:(Tax, insurance and management costs)
$3,294
Net annual rental income:
$17,016
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

21%

Break even in

4.76 Years.

Contact the Advertiser

Property Alerts

  • House
  • 3 bedrooms
  • USA
  • City of Cleveland
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