Three bedroom house City of Cleveland, Cuyahoga County, Ohio, USA 3 Bed Townhouse £69,889 | €77,832 | $94,900 Request a Currency Exchange Quote Here

This large three bedroom house is amazing value at $94,900.

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Property Attributes

Building Characteristics

Detatched

Property Features

Garden, Off Street Parking, Outside Space
Property Description ID:41615540

This fantastic three bedroom single family home is located in Cleveland Heights which
is arguably one of the nicest suburbs in Cleveland. The property is also only a short
walk to Monticello Middle School.
The property is very spacious with 3 large bedrooms, one bathroom a large lounge
diner and a full basement, The attic is floored also for extra space and the house sits
on a nice plot with a large rear garden. The property has very good tenants in place
paying $1,300 each month in rent.

Situated “up the hill” from University Circle, one of the largest employment centres in
Northeast Ohio, Cleveland Heights is one of the most desirable suburbs for buyers
and renters alike. Cleveland Heights has many galleries, performing arts and live
music venues. This near-east neighbourhood dishes up fat slices of the American
Dream, with beautiful old homes on tree-lined streets within close proximity to thriving
commercial strips, parks, schools, libraries and public transportation. A great place to
invest with potential huge future capital appreciation.

Investment Calculation

Purchase price: 94,900

Gross annual rental income: $15,600

Property running costs: $4,476
(Tax, insurance and management costs)

Net annual rental income: $11,124

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

Return on investment: 12%

Break even in 8.33 Years
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