Three bedroom house City of Cleveland, Cuyahoga County, Ohio, USA 3 Bed Townhouse £26,056 | €30,133 | $33,900 Request a Currency Exchange Quote Here

This large three bedroom house is a rare find at $33,900....

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Property Attributes

Building Characteristics

Detatched

Property Features

Garden, Off Street Parking

Lifestyle features

Suburban, Town
Property Description ID:34861966

This large three bedroom house is located on a nice street in the sought after area of Glenville, just two minutes from Glenville High School, which is one of the best schools in Cleveland. The property has three large bedrooms, one bathroom and a full basement, the tenants are keeping the property in great condition. This property is under management by one of the leading Cleveland property management companies.

Glenville 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 4.8 miles from Downtown and 2.4 miles from the University Circle.

Investment Details

Purchase price: 33,900

Gross annual rental income: $9,000

Property running costs: $1,870
(Tax, insurance and management costs)

Net annual rental income: $7,130

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

Return on investment: 21%

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