Three bedroom house, City of Cleveland, USA

City of Cleveland, Cuyahoga County, Ohio, USA

Property ID: 41693686

Summary Data

Price £80,591
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 lovely three bedroom house is located on a nice street in Maple Heights which is
a great neighbourhood in Cleveland, this area is close to Lee Miles, Garfield Heights
and is just 1.1 miles to Maple Heights high school.
There are three bedrooms, one bathroom, a large lounge diner and a full basement,
the average listing price for similar properties in this area is $140,000.
The property also has a tenant in place paying $850 per 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 house is under management with a great local
Cleveland property management company.

Maple Heights is viewed as one of the best areas of Cleveland. The property is just
1.1 miles to Maple Heights high school. The high school is very well known and
respected in the area. A new 5,000 capacity stadium with artificial turf and an allweather track opened in 2014, home of the Maple Heights Mustangs.

 

Investment Calculations
Purchase price
$94,900
Gross annual rental income:
$10,200
Property running costs:(Tax, insurance and management costs)
$3,848
Net annual rental income:
$6,532
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

7%.

Break even in

14.2 Years.

No investment data available