Three bedroom house, City of Cleveland, USA

City of Cleveland, Cuyahoga County, Ohio, USA

Property ID: 41693444

Summary Data

Price £50,869
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 large three bedroom house is located in Forrest Hills, just 1.8 miles from
the world famous University Circle, it is also less than 3 miles from the
Cleveland Clinic Main Campus.
The property is in a great condition and consists of three large bedrooms, a
large kitchen and 1.5 bathrooms. The current market rent for a three bedroom
single family home in this location can reach up to $1,000, 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.

Forrest Hills is a very well kept busy area in the city of Cleveland, it is close to
the Lakefront and also very close to Downtown. The University Circle is only
1.8 miles away which has the highest concentration of cultural attractions and
performing arts venues in the whole of the US.

 

Investment Calculations
Purchase price
$59,900
Gross annual rental income:
$9,600
Property running costs:(Tax, insurance and management costs)
$2,131
Net annual rental income:
$7,469
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

13%

Break even in

7.69 Years

No investment data available