Three bedroom house City of Cleveland, Cuyahoga County, Ohio, USA 3 Bed Townhouse £40,431 | €45,026 | $54,900 Request a Currency Exchange Quote Here

This large three bedroom house is a rare find at $54,900..

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Property Attributes

Building Characteristics


Property Features

Garden, Off Street Parking, Outside Space
Property Description ID:41612105

This lovely three bedroom single family home is located on a nice street in Corlett
and is just one mile and just three minutes from John Adams College, one of the
leading schools in Cleveland.
There are three bedrooms, one bathroom, a full basement and a large rear
garden with a detached garage. The property has had a new hot water tank and
furnace only installed a year ago and the house has also had a brand new roof,
new siding and interior paint throughout. There are also tenants in place paying
$800 each month in rent.
This property is under management by a great local company.

Corlett is viewed as a very central location in Cleveland Ohio, it is just 7.2 miles
from Downtown and 5.1 miles from University Circle. Also just 1.5 miles away you
have Lee Harvard shopping centre. The property is also just walking distance to
John Adams College, one of the best schools in Cleveland..

Investment Calculation

Purchase price: 54,900

Gross annual rental income: $9,600

Property running costs: $2,342
(Tax, insurance and management costs)

Net annual rental income: $7,258

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

Return on investment: 14%

Break even in 7.14 Years
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