Three bedroom house, City of Cleveland, USA

City of Cleveland, Cuyahoga County, Ohio, USA

Property ID: 41692025

Summary Data

Price £44,075
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 very nice three bedroom single family home is located on a nice street in Corlett
and is just 1.5 miles to John Adams College, one of the leading schools in
Cleveland.
The property consists of three spacious bedrooms, one and a half bathrooms, a
large lounge diner, a full basement and a large rear garden. The property has
tenants in place paying $800 in rent each month. The current market rate for rent in
this property is up to $1,300 so should the tenant leave the rent could be increased.
The house is under management with a great local Cleveland property management
company.

Corlett is viewed as a very central location in Cleveland Ohio, it is just 9 miles from
Downtown and 6 miles from University Circle. Also just 1.5 miles away you have Lee
Harvard shopping centre. The property is also just 1.5 miles to John Adams College,
one of the best schools in Cleveland..

Investment Calculations
Purchase price
$51,900
Gross annual rental income:
$9,600
Property running costs:(Tax, insurance and management costs)
$2,592
Net annual rental income:
$7,008
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

14%

Break even in

7.14 Years

No investment data available