Four bedroom house, City of Cleveland, USA

This nice multi-family home is located in Mount Pleasant and is only eight 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
tenants in place in both apartments each paying $700 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 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: $72,900

Gross annual rental income: $16,800

Property running costs: $3,280
(Tax, insurance and management costs)

Net annual rental income: $13,520

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

Return on investment: 19%