Three bedroom house City of Cleveland, Cuyahoga County, Ohio, USA 3 Bed Townhouse £26,438 | €29,443 | $35,900 Request a Currency Exchange Quote Here

This large three bedroom house is amazing value at $35,900...

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Property Attributes

Building Characteristics

Detatched

Property Features

Garden, Off Street Parking

Lifestyle features

Suburban, Town
Property Description ID:36764489

This large three bedroom single family home is located on a nice street in South-Collinwood, it is just five minutes from the Lakeshore and two minutes and less than half a mile from Collingwood High School, one of the best schools in Cleveland. The property is tenant occupied and has new tenants who moved into the property on the 1st of April this year, before the house was updated, they are paying $750 rent a month, This property is under management by a great local 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, this property is only 8.4 miles from Downtown and just 6.9 miles from the University Circle.

Investment Details

Purchase price: 35,900

Gross annual rental income: $9,000

Property running costs: $6,980
(Tax, insurance and management costs)

Net annual rental income: $6,980

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

Return on investment: 20%

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