Six bedroom house, City of Cleveland, USA

This large three apartment multi-family home is located on a very nice street in
Woodland Hills less than five minutes from the famous Shaker Square, one of the
biggest attractions in Cleveland. Shaker Square is full of restaurants, bars, boutiques
and even has a cinema.
The property is divided into three large two bedroom apartments, The property also
has a brand new roof only fitted 2 weeks ago at a cost of $15,000 plus new furnaces
and hot water tank. The property has tenants in place in all three apartments and the
total monthly rental income is $1,625
The house is under management with a great local Cleveland property management
company.

Woodland Hills is viewed as a very central location in Cleveland Ohio, it is just 5 miles
from Downtown Cleveland, just 3 miles from the University Circle & only 1.2 miles from
Shaker square. University Circle has the highest concentration of cultural attractions
and performing arts venues in the whole of the US.

Investment Calculation

Purchase price: $81,900

Gross annual rental income: $19,500

Property running costs: $5,350
(Tax, insurance and management costs)

Net annual rental income: $14,150

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

Return on investment: 18%