Four bedroom house, City of Cleveland, USA

City of Cleveland, Cuyahoga County, Ohio, USA

Property ID: 41693914

Summary Data

Price £49,170
Price Type
Bedrooms 4 - Bed
Bathrooms 1 - Bath
Plot Size
Building Size
Sector Residential
Type Houses
Subtype
Tenure
Completion
Parking

Location Map

Property Description

This lovely four bedroom house is located on a nice street in Union – Miles Park
which is a great neighbourhood in Cleveland, this area is close to Mount Pleasant
and Slavic Village. It is also just a few minutes from John Adams College And Career
Academy, which is one of the best schools in Cleveland.
There are four bedrooms, one bathroom a full basement and a large rear yard. There
are also long term tenants in place paying $900 rent each month. The market rent
currently ranges from $1,000 – $1,200 so should the tenant leave in the future the
rent could be increased. The property is under management by a local Cleveland
property management company.

Union – Miles Park is viewed as a very central location in Cleveland Ohio, it is just 7
miles from Downtown and 5 miles from University Circle. University Circle has the
highest concentration of cultural attractions and performing arts venues in the whole
of the US. The house is also just 3 minutes to John Adams College And Career
Academy, which is one of the best schools in Cleveland.

Investment Calculations
Purchase price
$57,900
Gross annual rental income:
$10,800
Property running costs:(Tax, insurance and management costs)
$2,091
Net annual rental income:
$8,709
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

15%

Break even in

6.6 Years

No investment data available