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Property Sales - 41708865 - House in USA, Ohio, Cuyahoga County, City of Cleveland

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Three bedroom house

Property Information

Type:
Property ID:
Location :
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Price :
House
41708865
City of Cleveland, USA
06 Feb 2025
£ 84,837 / € 96,915 / $ 99,900

Short Description

This three bedroom house is a rare find at $99,900..

Key Information

  • Property ID: 41708865
  • Location: City of Cleveland
  • Property Type: House
  • Prices: £ 84,837 / € 96,915 / $ 99,900

Full Description

This very nice three bedroom single family home is located in the sought after area of Glenville, The house
is walking distance to Glenville High School which is one of the best schools in Cleveland
The property has three bedrooms, one bathroom, a full basement and a large rear garden. The house is in
good condition however is currently being updated and in the final stages of being refurbished and rent
ready to a Section 8 standard. The refurbishment will be completed before the new owner closes on the
property. After closing the management company will place brand new vetted tenants. The house should
achieve $1,250 – $1,700 in rent each month based on current Section 8 rates. There is also 70% finance
available for non US residents, terms and conditions apply.
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 also very well positioned directly opposite the Cleveland
Lakefront Nature Preserve. The house is also within Greater Circle Living (GCL) which is a part of the larger
Greater University Circle Initiative, comprehensive community-building and development strategy for rental
and purchase housing options in Greater University Circle neighbourhood’s.

 

Investment Calculations
Purchase price
$99,900
Gross annual rental income:
$20,400
Property running costs:(Tax, insurance and management costs)
$10.740
Net annual rental income:
$9,660
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

27%

Break even in

3.7 Years.

 

 

Contact the Advertiser

Property Alerts

  • House
  • 3 bedrooms
  • USA
  • City of Cleveland
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