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Property Sales - 41705712 - House in USA, Ohio, Cuyahoga County, Cleveland

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Four bedroom house

Property Information

Type:
Property ID:
Location :
Added On :
Price :
House
41705712
Cleveland, USA
30 Jul 2024
£ 59,361 / € 67,811 / $ 69,900

Short Description

This four bedroom house is a rare find at $69,900..

Key Information

  • Property ID: 41705712
  • Location: Cleveland
  • Property Type: House
  • Prices: £ 59,361 / € 67,811 / $ 69,900

Full Description

This very nice four bedroom family home is located in North Broadway which is just 3
miles from Downtown Cleveland. This property is also just 1.8 miles from the centre
of Slavic Village one of the most demanded areas in Cleveland.
The property has four bedrooms, one bathroom, a full basement and a large rear
garden. The house also has a newer roof New windows and aluminium siding. The
property has tenants in place paying $1,400 in rent each month. The house is under
management with a great local Cleveland property management company.
North Broadway is viewed as a very central location in Cleveland Ohio, it is just 3
miles miles from Downtown and 4 miles from University Circle. The property is also
less than 2 miles from Slavic Village. Slavic Village is going through large
development projects. This is one of the most up and coming areas in the City and in
huge demand from investors.

Investment Calculations
Purchase price
$69,900
Gross annual rental income:
$16,800
Property running costs:(Tax, insurance and management costs)
$2,767
Net annual rental income:
$14,033
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

20%

Break even in

5 Years.

Contact the Advertiser

Property Alerts

  • House
  • 4 bedrooms
  • USA
  • Cleveland
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