Four bedroom house, City of Cleveland, USA

City of Cleveland, Cuyahoga County, Ohio, USA

Property ID: 41692058

Summary Data

Price £63,607
Price Type
Bedrooms 4 - Bed
Bathrooms 2 - Bath
Plot Size
Building Size
Sector Residential
Type Houses
Subtype
Tenure
Completion
Parking

Location Map

Property Description

This fantastic large two apartment multi family home is located on a nice street in South
Broadway which is just 5 miles from Downtown Cleveland. This property is also just two
minutes and just a short walk to the centre of Slavic Village one of the most demanded
areas in Cleveland.
The property is split into two large two bedroom apartments.Both apartments have
tenants in place each paying $600 in rent each month.
The house is under management with a great local Cleveland property management
company.

South Broadway is viewed as a very central location in Cleveland Ohio, it is just 5 miles
miles from Downtown and 5 miles from University Circle. The property is also just a
short walk to the centre of Slavic Village. Slavic Village is going through large
development projects with many new build homes also being built on vacant plots.
This is one of the most up and coming areas in the City and in huge demand by
investors.

Investment Calculations
Purchase price
$74,900
Gross annual rental income:
$14,400
Property running costs:(Tax, insurance and management costs)
$3,122
Net annual rental income:
$11,278
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

15%

Break even in

6.6 Years

No investment data available