Four bedroom house, City of Cleveland, USA

City of Cleveland, Cuyahoga County, Ohio, USA

Property ID: 41694295

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 very nice four bedroom single family home is located on a nice street in Corlett
and is just a short walk to John Adams College, one of the leading schools in
Cleveland.
The property consists of four spacious bedrooms, one and a half bathrooms, a large
lounge diner, a full basement and a large rear garden. The property has a tenant in
place paying $900 in rent each month. The current market rent can reach $1,200 –
$1,400 each month so should the tenant leave the rent could be increased.
The house is under management with a great local Cleveland property management
company

Corlett is viewed as a very central location in Cleveland Ohio, it is just 8 miles from
Downtown and 5 miles from University Circle. Also just 2 miles away you have Lee
Harvard shopping centre. The property is also just a short walk to John Adams
College, 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)
$2,421
Net annual rental income:
$8,379
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

15%

Break even in

6.6 Years

No investment data available