Four bedroom house City of Cleveland, Cuyahoga County, Ohio, USA 4 Bed Townhouse £51,478 | €57,328 | $69,900 Request a Currency Exchange Quote Here

This large four bedroom house is a rare find at $69,900..

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Property Attributes

Building Characteristics

Detatched

Property Features

Garden, Off Street Parking, Outside Space
Property Description ID:41623177

This fantastic four bedroom house is located on a nice street in Detroit Shoreway on the Westside
of Cleveland, the house is only one mile and just four minutes from the famous Gordon square
arts district.
There are four large bedrooms, one and a half bathrooms, a full basement and a large rear
garden. This property is in a good condition and has tenants already in place paying $700 in rent
each month. The rent for this property in this location is way under market value, the property
cools achieve up to $1,200 each month. Should the tenant leave the rent could easily be
increased.This property is under management by a great local Cleveland property management
company.

Detroit Shoreway is located on the Westside and viewed as a very central location in Cleveland
Ohio, it is just 5 miles from Downtown Cleveland. Detroit Shoreway is fine of the best suburbs
outside of the City. Home to Home to Edgewater Beach, the Gordon Square Arts District,
Cleveland EcoVillage and Lorain Avenue Antiques District to name a few. The house is just four
minutes to Gordon square arts district, a world-class arts district, a retail and dining destination
and a walkable community in the heart of Cleveland’s Detroit Shoreway neighbourhood.

 

Investment Calculation

Purchase price: 69,900

Gross annual rental income: $8,400

Property running costs: $1,905
(Tax, insurance and management costs)

Net annual rental income: $6,495

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

Return on investment: 10%

Break even in 10 Years
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