Four bedroom house City of Cleveland, Cuyahoga County, Ohio, USA 4 Bed Townhouse £35,301 | €41,081 | $45,900 Request a Currency Exchange Quote Here

This large four bedroom house is amazing value at $45,900...

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Property Attributes

Building Characteristics

Detatched

Property Features

Garden, Condo, Off Street Parking

Lifestyle features

Suburban, Town
Property Description ID:36075124

 

This fantastic four bedroom Condo townhouse is located in the very well respected area of Warrensville Heights, just one mile from Highland Hills one of Clevelands premier suburbs. The property has four large bedrooms, one and a half bathrooms and has good paying tenants in place paying $1,050 rent per month. This property is under management by a great local Cleveland property management company.

Warrensville Heights is seen as a very strong investment area in Cleveland, this area is surrounded by some great neighbourhoods like Highland Hills and Maple Heights. The property is just 11.7 Miles from Downtown Cleveland and only 1 mile from Highland Hills. the Village of Highland Hills has become one of Greater Cleveland’s premiere suburbs. Located near Interstate 271, the Village is home to major corporations.

Investment Details

Purchase price: 45,900

Gross annual rental income: $12,600

Property running costs: $4,840
(Tax, insurance and management costs)

Net annual rental income: $7,760

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

Return on investment: 17%

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