Three bedroom house, City of Cleveland, USA

City of Cleveland, Cuyahoga County, Ohio, USA

Property ID: 41693445

Summary Data

Price £61,059
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 in the sought after area of South-Collinwood, it is just five minutes from
the Lakeshore and 1.1 miles to Collingwood High School, one of the best
schools in Cleveland.
The property has three spacious bedrooms, one bathroom, a large lounge
diner and a full basement, the property is currently tenanted at $1,229 per
month.The house is under management with a great local Cleveland property
management company.

South-Collinwood is seen as a very strong investment area in Cleveland, this
area is surrounded by some great neighbourhoods like University Heights,
Glenville, Richmond Heights and Euclid, The property is just 1.1 miles and
walking distance to Collinwood High School one of the best schools in
Cleveland. This is one of our most demanded areas by investors.

Investment Calculations
Purchase price
$71,900
Gross annual rental income:
$14,748
Property running costs:(Tax, insurance and management costs)
$3,031
Net annual rental income:
$11,717
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

17%

Break even in

5.8 Years.

No investment data available