Two bedroom house, City of Cleveland, USA

City of Cleveland, Cuyahoga County, Ohio, USA

Property ID: 41693687

Summary Data

Price £40,678
Price Type
Bedrooms 2 - Bed
Bathrooms 1 - Bath
Plot Size
Building Size
Sector Residential
Type Houses
Subtype
Tenure
Completion
Parking

Location Map

Property Description

This fantastic two bedroom house is in a great location in Lee Miles. The property
is only a three minutes to John F Kennedy High School, which is one of the best
high schools in Cleveland, it is also only 3 minutes from the the Lee Harvard
Plaza.
There are two spacious bedrooms, a full basement and a large garden. The
property has great tenants in place treating it as their own and keeping it in great
condition. The tenants are paying $750 a month in rent.
This property is under management with Remax, arguably the best management
company in the US.

Lee Miles is a very well kept busy area in the City of Cleveland, just one mile away
you will find the Lee Harvard Plaza which contains many of leading fast food
chains. This area is surrounded by some of the very best neighbourhoods in
Cleveland including Shaker Heights and Maple Heights.

Investment Calculations
Purchase price
$47,900
Gross annual rental income:
$9,000
Property running costs:(Tax, insurance and management costs)
$2,583
Net annual rental income:
$6,417
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

14%

Break even in

7.14 Years.

No investment data available