Three bedroom house, City of Cleveland, USA

City of Cleveland, Cuyahoga County, Ohio, USA

Property ID: 41693451

Summary Data

Price £55,115
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 great three bedroom single family home is located in the Waterloo Art District
in North Collinwood, right next to the Lakefront and close to the new Amazon
facility. The Waterloo District is known as a bustling area with art studios,
entertainment, restaurants, bars and retail, it is the place to go out on the Eastside
of Cleveland.
There are three bedrooms, one bathroom, a full basement, detached garage and a
large garden. The property also has a tenant in place paying $1,000 in rent each
month. The rent for detached single family homes in this location can reach up to
$1,250 so should the tenant leave the rent could be increased.

The Waterloo Arts District is a funky, indie community, with lots of cool little galleries
and studios. You can hear live music at one of the best venues in the country or
browse an awesome indie music store. The coffee shops roasts all their own
beans, and there are plenty of great places to eat within a five-minute drive.Just ten
minutes to downtown Cleveland, the Lakefront is also just five minutes away

Investment Calculations
Purchase price
$64,900
Gross annual rental income:
$12,000
Property running costs:(Tax, insurance and management costs)
$2,800
Net annual rental income:
$9,200
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

15%

Break even in

6.6 Years

No investment data available