Three bedroom house, City of Cleveland, USA

City of Cleveland, Cuyahoga County, Ohio, USA

Property ID: 41693357

Summary Data

Price £47,472
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 fantastic three bedroom single family home is located on a very nice street located
in Woodland Hills just 2 miles from the world famous Cleveland Clinic, it is also only 1.2
miles from Shaker Square which is full of restaurants, bars, boutiques and even has a
cinema.
The property is in a great condition and comes with three large bedrooms, one
bathroom, a full basement and a rear garden. The house has a brand new roof, a new
furnace, new hot water tank and also new electrics. The property also has a tenant in
place paying $850 in rent each month. The rent for detached single family homes in this
location can reach up to $1,200 so should the tenant leave the rent could be increased.

Woodland Hills is viewed as a very central location in Cleveland Ohio, it is just 6 miles
from Downtown Cleveland, just 2 miles from the University Circle & only 1.2 miles from
Shaker square and 1 mile from Larchmere Blvd. There are many new built homes being
built in this area, increasing the value or surrounding properties with a good potential for
capital appreciation. New builds are selling for over $300,000.

Investment Calculations
Purchase price
$55,900
Gross annual rental income:
$10,200
Property running costs:(Tax, insurance and management costs)
$2,320
Net annual rental income:
$7,880
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

15%

Break even in

6.6 Years

No investment data available