Three bedroom house, City of Cleveland, USA
City of Cleveland, Cuyahoga County, Ohio, USA
Property ID: 41688061
Summary Data
Price | £40,678 |
Price Type | |
Bedrooms | 3 - Bed |
Bathrooms | 1 - Bath |
Plot Size | 1479m2 |
Building Size |
Sector | Residential |
Type | Houses |
Subtype | |
Tenure | |
Completion | |
Parking |
Location Map
Property Description
This very large three bedroom house is located in Kinsman, a desirable
suburb which is just 4 miles from Downtown Cleveland. The house is
also just 3 miles from the world famous Cleveland Clinic,
There are three spacious bedrooms, one bathroom, a large kitchen, a
full basement and a very large rear garden. There are also tenants in
place paying $700 rent a month. This property is under management
by a local Cleveland property management company.
Kinsman is viewed as a very central location in Cleveland Ohio, it is just
4 miles miles from Downtown and 3 miles from University Circle. The
property is in a very desirable area for buyers and renters alike. The
house is just 3 miles from the world famous Cleveland Clinic and also
just 3 miles to Larchmere Blvd which is host to a multitude of many
quality cafe’s, restaurants, beauty salons, fashion shops and many
small businesses.
Investment Calculation
Purchase price: $47,900
Gross annual rental income: $8,400
Property running costs: $1,800
(Tax, insurance and management costs)
Net annual rental income: $6,600
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 14%
Break even in 7.14 Years