Three bedroom house City of Cleveland, Cuyahoga County, Ohio, USA 3 Bed Townhouse £26,777 | €32,267 | $34,900 Request a Currency Exchange Quote Here

This large three bedroom house is a rare find at $34,900...

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Property Attributes

Building Characteristics

Detatched

Property Features

Garden, Off Street Parking
Property Description ID:39997746

This large Three bedroom house is located on a nice street in the sought after area of Glenville, just five minutes from Glenville High School which is one of the best schools in Cleveland. The property has Three large bedrooms, 1 bathroom and a full basement. This property has great tenants in place keeping the property in excellent condition and are paying $750 rent a month. The tenants have been in the property now for 2 years. This property is managed by a great local Cleveland management company.

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 neighbourhoods on the Northside. It is also just 4.9 miles from Downtown and just 1.9 miles from the University Circle.

Investment Details

Purchase price: 34,900

Gross annual rental income: $9,000

Property running costs: $1,837
(Tax, insurance and management costs)

Net annual rental income: $7,163

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

Return on investment: 21%

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