Three bedroom house City of Cleveland, Cuyahoga County, Ohio, USA 3 Bed Townhouse £31,161 | €35,435 | $39,900 Request a Currency Exchange Quote Here

This large three bedroom house is a rare find at $39,900...

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Property Attributes

Building Characteristics

Detatched

Property Features

Garden, Off Street Parking

Lifestyle features

Suburban, Town
Property Description ID:34249343

This large three bedroom house is located on a nice street in highly sought after area of South-Collinwood, less than five minutes away from Collingwood High School and just a few minutes from the Lakeshore. There are three large bedrooms, a full basement and a large garden, the property has just been refurbished and has a brand new tenant who has just signed a lease paying $775 rent a month, they move in this week. This property is under management by a great local 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, this property is only 8 miles from Downtown.

Investment Details

Purchase price: 39,900

Gross annual rental income: $9,300

Property running costs: $1,850
(Tax, insurance and management costs)

Net annual rental income: $7,450

Investment calculation - Net Income divided by Purchase price = NET ROI.

Return on investment: 19%

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