Three bedroom house, City of Cleveland, USA

City of Cleveland, Cuyahoga County, Ohio, USA

Property ID: 41693507

Summary Data

Price £52,567
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 next to 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 large lounge diner and a full
basement. The property also has a tenant in place paying $900 in rent each month.
The rent for detached single family homes in this location can reach up to $1,350
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
$61,900
Gross annual rental income:
$10,800
Property running costs:(Tax, insurance and management costs)
$2,780
Net annual rental income:
$8,020
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

13%

Break even in

7.69 Years

No investment data available