This great single family home is located on a very nice street in Woodland Hills less than five minutes from the famous Shaker Square, one of the biggest attractions in Cleveland. Shaker Square is full of restaurants, bars, boutiques and even has a cinema. There are tenants in place and they are keeping the property in good condition paying $600 per month. This property is under management by one of the leading Cleveland property management companies.
Woodland Hills is viewed as a very central location in Cleveland Ohio, it is just 5.4 miles from Downtown Cleveland, just 2.8 miles from the University Circle & only 1.3 miles from Shaker square. University Circle has the highest concentration of cultural attractions and performing arts venues in the whole of the US.
Purchase price: 29,900
Gross annual rental income: $7,200
Property running costs: $1,904
(Tax, insurance and management costs)
Net annual rental income: $5,296
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 18%