Three bedroom house, City of Cleveland, USA

City of Cleveland, Cuyahoga County, Ohio, USA

Property ID: 41688645

Summary Data

Price £42,376
Price Type
Bedrooms 3 - Bed
Bathrooms 1 - Bath
Plot Size 1152m2
Building Size
Sector Residential
Type Houses
Subtype
Tenure
Completion
Parking

Location Map

Property Description

This fantastic three bedroom single family home is located in Euclid Green right next
to South Collinwood, just a short distance from the Lakefront. It is also only one mile
and just a few minutes to Euclid Park School.
The property is very spacious with 3 large bedrooms, a large lounge dining area, full
basement and a very large detached double garage. The property currently has
tenants in place paying only $800 each month.
The house is under management with a great local Cleveland property management
company.

Euclid Green is seen as a very strong investment area in Cleveland, this area is
surrounded by some great neighbourhoods like University Heights, Glenville,
Richmond Heights and South Collinwood, this property is only 2.4 miles and 6
minutes from Euclid Creek Reservation, a beautiful nature trail full of natural wildlife,
picnic areas and stunning scenery. A great family area that is close to the city and
yet nature is all around you.

Investment Calculations
 
Purchase price
$49,900
Gross annual rental income:
$9,600
Property running costs:(Tax, insurance and management costs)
$2,676
Net annual rental income:
$6,924
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment 14%

Break even in 7.14

No investment data available