Three bedroom house City of Cleveland, Cuyahoga County, Ohio, USA 3 Bed Townhouse £31,559 | €36,890 | $41,900 Request a Currency Exchange Quote Here

This huge three bedroom house is amazing value at $41,900...

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Property Attributes

Building Characteristics

Detatched

Property Features

Garden, Off Street Parking

Lifestyle features

Suburban, Town
Property Description ID:34480037

This three bedroom house is located on a nice street in Forest Hills close to the shores of Lake Erie and is less than one mile from Glenville High School, which is one of the best schools in Cleveland. This property has just been refurbished throughout and a new tenant is in place, they signed a new lease on the 9th December paying $850 rent per month. The property is managed by a great local Cleveland company.

Forest Hills is seen as a very strong investment area in Cleveland, it is close to the Waterloo District, Euclid, Bratenahl and the I90 (highway) Lakeshore is appealing for bus lines, bike trails, and allows access to the beach parks in the neighborhoods on the Northside. It is also just 5.4 miles from Downtown and 2.7 miles from the University Circle.

Investment Details

Purchase price: 41,900

Gross annual rental income: $10,200

Property running costs: $2,260
(Tax, insurance and management costs)

Net annual rental income: $7,940

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

Return on investment: 19%

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