Two bedroom house, City of Cleveland, USA

City of Cleveland, Cuyahoga County, Ohio, USA

Property ID: 41690649

Summary Data

Price £41,527
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 very nice two bedroom single family home is located in North Broadway
which is just 3.5 miles from Downtown Cleveland. This property is also just 1.1
miles from Slavic Village one of the most demanded areas in Cleveland.
The property has two bedrooms, one bathroom, a full basement and a large rear
garden. The property has a tenant already in place paying $750 in rent each
month
The house is under management with a great local Cleveland property
management company.

North Broadway is viewed as a very central location in Cleveland Ohio, it is just
3.5 miles miles from Downtown and 5 miles from University Circle. The property is
also just 1.1 miles from Slavic Village. Slavic Village is going through large
development projects. This is one of the most up and coming areas in the City and
in huge demand from investors.

Investment Calculations
Purchase price
$48,900
Gross annual rental income:
$9,000
Property running costs:(Tax, insurance and management costs)
$1,757
Net annual rental income:
$7,243
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

15%

Break even in

6.6 Years

No investment data available