Four bedroom house, Cleveland, USA

This fantastic four bedroom family home is located on a nice street in South Broadway
which is just 5 miles from Downtown Cleveland. This property is also in the heart of
Broadway Slavic Village just two minutes from 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 four large bedrooms, two and a half bathrooms, a nice lounge diner a
private driveway and a large rear garden. The house has Section 8 tenants in place
already paying $900 in rent each month. The rent is paid direct to the landlord via the Citry
of Cleveland.
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 5 miles
miles from Downtown and 5.4 miles from University Circle. The property is also in the heart
of Broadway 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: 49,900

Gross annual rental income: $10,800

Property running costs: $3,080
(Tax, insurance and management costs)

Net annual rental income: $7,720

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

Return on investment: 16%