Three bedroom house, City of Cleveland, USA

City of Cleveland, Cuyahoga County, Ohio, USA

Property ID: 41690247

Summary Data

Price £37,366
Price Type
Bedrooms 3 - Bed
Bathrooms 1 - Bath
Plot Size
Building Size
Sector Residential
Type Houses
Subtype
Tenure
Completion
Parking

Location Map

Property Description

This three bedroom house is located in Mount Pleasant on the border of
Buckeye Shaker and is only six 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.
This property has just been updated throughout, there are three spacious
bedrooms, one bathroom, a large kitchen and a large rear garden. There are
also new tenants in place paying $900 rent a month. This property is under
management by a local Cleveland property management company.

Mount Pleasant is seen as a very strong investment area in Cleveland, less
than 1.7 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 7 miles from
Downtown and 4 miles from the University Circle.

 

Investment Calculations
Purchase price
$44,000
Gross annual rental income:
$10,800
Property running costs:(Tax, insurance and management costs)
$2,380
Net annual rental income:
$8,420
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

20%

Break even in

5 Years

No investment data available