Three bedroom house, City of Cleveland, USA

City of Cleveland, Cuyahoga County, Ohio, USA

Property ID: 41697959

Summary Data

Price £42,376
Price Type
Bedrooms 3 - Bed
Bathrooms 1 - Bath
Plot Size
Building Size
Sector Residential
Type Houses
Subtype
Tenure
Completion
Parking

Location Map

Property Description

This fantastic three bedroom single family home is located on a very nice street in the sought
after area of South-Collinwood, it is just five minutes from the Lakeshore and only 1 mile to
Collingwood High School, one of the best schools in Cleveland.
The property has three spacious bedrooms, one bathroom, a large lounge diner and a full
basement. The property has tenants in place paying $850 in rent each month. The current
market rent for this property in this location can reach up to $1,200 each month.
The house is under management with a great local Cleveland property management
company.
South-Collinwood is seen as a very strong investment area in Cleveland, this area is
surrounded by some great neighbourhoods like University Heights, Glenville, Richmond
Heights and Euclid, The property is just 1 mile to Collinwood High School one of the best
schools in Cleveland. This is one of our most demanded areas by investors

Investment Calculations
Purchase price
$49,900
Gross annual rental income:
$10,200
Property running costs:(Tax, insurance and management costs)
$2,341
Net annual rental income:
$7,859
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

16%

Break even in

6.3 Years.

No investment data available