Two bedroom house, City of Cleveland, USA

City of Cleveland, Cuyahoga County, Ohio, USA

Property ID: 41690587

Summary Data

Price £33,884
Price Type
Bedrooms 2 - Bed
Bathrooms 1 - Bath
Plot Size
Building Size
Sector Residential
Type Houses
Subtype
Tenure
Completion
Parking

Location Map

Property Description

This great two bedroom single family home is located on a nice street in Saint
Clair- Superior just 3 miles from Downtown Cleveland. Saint Clair-Superior is close
to the great lake, borderline lake properties offer lots of potential for future growth.
The home has two bedrooms, one bathroom, a large lounge diner and a full
basement. The property already has tenants in place paying $600 in rent each
month.
The house is under management with a great local Cleveland property
management company.

Saint Clair-Superior is viewed as an up and coming area in Cleveland due to its
close proximity to the lake, it is also just 3 miles from Downtown and 2.6 miles
from University Circle. The University Circle has the highest concentration of
cultural attractions and performing arts venues in the whole of the US.

Investment Calculations
Purchase price
$39,900
Gross annual rental income:
$7,200
Property running costs:(Tax, insurance and management costs)
$1,600
Net annual rental income:
$5,600
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

14%

Break even in

7.14 Years

No investment data available