Three bedroom house, City of Cleveland, USA

City of Cleveland, Cuyahoga County, Ohio, USA

Property ID: 41688581

Summary Data

Price £59,361
Price Type
Bedrooms 3 - Bed
Bathrooms 1 - Bath
Plot Size 1056m2
Building Size
Sector Residential
Type Houses
Subtype
Tenure
Completion
Parking

Location Map

Property Description

This really nice single family home is located in Mount Pleasant and is only seven
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 has three spacious bedrooms, one bathroom, a large lounge diner,
spacious kitchen and a full basement. The house is in a very nice street and has a nice
rear garden with a detached garage. The house has recently been updated inside and
now has a Section 8 tenant in place paying $1,300 in rent each month. The house 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 Calculations
 
Purchase price
$69,900
Gross annual rental income:
$15,600
Property running costs:(Tax, insurance and management costs)
$2,705
Net annual rental income:
$12,895
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

19%

Break even in

5.26

No investment data available