Four bedroom house, City of Cleveland, USA

This fantastic large multi-family home is located in Buckeye Shaker and is only five
minutes from the centre of 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
good long term tenant in place in both apartments each paying $650 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, just 1 mile 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 7 miles from Downtown and 4 miles from the University Circle.

Investment Calculation

Purchase price: $72,900

Gross annual rental income: $15,600

Property running costs: $3,660
(Tax, insurance and management costs)

Net annual rental income: $11,940

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

Return on investment: 17%