Three bedroom house City of Cleveland, Cuyahoga County, Ohio, USA 3 Bed Townhouse £41,167 | €45,846 | $55,900 Request a Currency Exchange Quote Here

This large three bedroom house is a rare find at $55,900..

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Property Attributes

Building Characteristics

Detatched

Property Features

Garden, Off Street Parking, Outside Space
Property Description ID:41624306

This fantastic three bedroom family home is located on a nice street in South Broadway
which is just 6 miles from Downtown Cleveland. This property is also just four minutes and
1.4 miles to the heart of Slavic Village, one of the most demanded areas in Cleveland due
to the new build homes increasing in the area.
The property has three large bedrooms, one bathroom, a nice large kitchen / diner and a
full basement. This property is in a good condition and has tenants already in place
paying $1,000 in rent each month.
The property is under management by one of the leading Cleveland property management
companies.

South Broadway is viewed as a very central location in Cleveland Ohio, it is just 6 miles
miles from Downtown and 5.8 miles from University Circle. The property is also just four
minutes and 1.4 miles to the heart of Slavic Village. Slavic Village is going through large
development projects. This is one of the most up and coming areas in the City and in huge
demand by investors.

 

Investment Calculation

Purchase price: 55,900

Gross annual rental income: $12,000

Property running costs: $2,543
(Tax, insurance and management costs)

Net annual rental income: $9,457

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

Return on investment: 17%

Break even in 5.8 Years
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