Four bedroom house, City of Cleveland, USA

This large multi-family home is located in Mount Pleasant and is only seven minutes
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 is divided into two large apartments, you have a large two bedroom
apartment downstairs and a large two bedroom apartment upstairs. The property has
long term tenants in place in both apartments each paying $625 in rent each month.
The property is under management with a great local Cleveland property
management company.

Mount Pleasant is seen as a very strong investment area in Cleveland, less than 2
miles away you have the famous Shaker Square which is one of the biggest attractions
in Cleveland. Shaker Square is full of restaurants, bars, boutiques and even has a
cinema. This property is also only 6 miles from Downtown and 4 miles from the
University Circle.

Investment Calculation

Purchase price: $67,900

Gross annual rental income: $15,000

Property running costs: $3,559
(Tax, insurance and management costs)

Net annual rental income: $11,441

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

Return on investment: 17%