Four bedroom house, City of Cleveland, USA

This fantastic very large four apartment multi family home is located on a nice street in South
Broadway which is just 4.5 miles from Downtown Cleveland. This property is also just one minute
and just a short walk to the centre of Slavic Village one of the most demanded areas in
Cleveland.
The property is split into four apartments. You have two large one bedroom apartments
downstairs and two large one bedroom apartment upstairs. The property has tenants in place in
all four apartments, the total monthly rent tax income is $2,150
Two of the apartments are Section 8 housing so the rent is paid direct to the landlord via the City
of Cleveland.

South Broadway is viewed as a very central location in Cleveland Ohio, it is just 4.5 miles miles
from Downtown and 5.5 miles from University Circle. The property is also just a short walk to the
centre of Slavic Village. Slavic Village is going through large development projects with many
new build homes also being built on vacant plots. This is one of the most up and coming areas
in the City and in huge demand by investors.

Investment Calculation

Purchase price: $149,900

Gross annual rental income: $25,800

Property running costs: $4,580
(Tax, insurance and management costs)

Net annual rental income: $21,220

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

Return on investment: 15%