Three bedroom house, City of Cleveland, USA

This fantastic large three bedroom single family home is located in Buckeye Shaker and
is only a short walk from the famous Shaker Square. Shaker Square is one of the biggest
attractions in Cleveland and is full of restaurants, bars, boutiques and even has a
cinema.
The property has three large bedrooms, two bathrooms, a large lounge diner, a full
basement and a large rear garden with a detached double garage. The house is in
fantastic condition and there are also good long term Section 8 tenants in place paying
$1,088 in rent each Month.The rent is paid direct to the owner via the City of Cleveland.
The property is also under management by a great local Cleveland management
company.

Buckeye Shaker is seen as a very strong investment area in Cleveland, just half a mile
away you have the famous Shaker Square. The house is also just a short walk to
Larchmere Blvd which is host to a multitude of many quality cafe’s, restaurants, beauty
salons, fashion shops and many small businesses. This house is extremely well located.

Investment Calculation

Purchase price: 74,900

Gross annual rental income: $13,056

Property running costs: $3,405
(Tax, insurance and management costs)

Net annual rental income: $9,651

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

Return on investment: 13%