Three bedroom house City of Cleveland, Cuyahoga County, Ohio, USA 3 Bed Townhouse £51,478 | €57,328 | $69,900 Request a Currency Exchange Quote Here

This large three bedroom house is amazing value at $69,900..

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Property Attributes

Building Characteristics

Detatched

Property Features

Garden, Off Street Parking, Outside Space
Property Description ID:41616542

This fantastic three bedroom single family home is very well located in West
Boulevard on the Westside of Cleveland. West Boulevard is just four minutes and
just 1.4 miles from Detroit Shoreway which is one of the best areas in Cleveland.
The property consists of three spacious bedrooms, two bathrooms, a large
lounge diner, a full basement and a large rear garden. The property already has
tenants in place paying $1,000 in rent each month.
The property is under management by a great local Cleveland property
management company.

West Boulevard is located on the Westside and viewed as a very central location
in Cleveland Ohio, it is just 5.3 miles from Downtown Cleveland and just 1.4 miles
from Detroit Shoreway which is one of the best areas in Cleveland. The property is
also only 2 miles from Edgewater beach & park which features 9000 feet of
shoreline, dog and swim beaches, boat ramps, fishing pier, picnic areas and grills.

 

Investment Calculation

Purchase price: 69,900

Gross annual rental income: $12,000

Property running costs: $2,740
(Tax, insurance and management costs)

Net annual rental income: $9,260

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

Return on investment: 14%

Break even in 7.14 Years
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