Two bedroom house, City of Cleveland, USA

City of Cleveland, Cuyahoga County, Ohio, USA

Property ID: 41691946

Summary Data

Price £46,622
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 lovely two bedroom single family home is very well located in Cudell on the
Westside of Cleveland. Cudell is just six minutes and only two miles from Detroit
Shoreway which is one of the best areas in Cleveland.
There are two large bedrooms, one bathroom a full basement and a large rear
garden. The property is in a good condition and has a tenant in place paying
$850 in rent each month. The market rent its currently closer to $1,100 for this
property so should the tenant leave in the future the rent could be increased. The
house is under management with a great local Cleveland property management
company.

Cudel is located on the Westside and viewed as desirable location in Cleveland
Ohio, it is just 5 miles from Downtown Cleveland and just 2 miles from Detroit
Shoreway which is one of the best areas in Cleveland. The property is also only 5
minutes from Edgewater park which features 9000 feet of shoreline, dog and
swim beaches, boat ramps, fishing pier, picnic areas and grills

Investment Calculations
Purchase price
$54,900
Gross annual rental income:
$10,200
Property running costs:(Tax, insurance and management costs)
$2,003
Net annual rental income:
$8,197
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

15%

Break even in

6.6 Years

No investment data available