Three bedroom house, City of Cleveland, USA

City of Cleveland, Cuyahoga County, Ohio, USA

Property ID: 41694439

Summary Data

Price £64,456
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 in North Collinwood next to
The Waterloo Art District and 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.
The property has three large bedrooms, one bathroom, a lovely large lounge-diner
with a fireplace, a full basement and a large rear garden. The property is now vacant
and rent ready. The management company will place brand new tenants when the
new owner closes on the property. The current market rate for rent in this property is
$1,250 each month.

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 minutes away.

Investment Calculations
Purchase price
$75,900
Gross annual rental income:
$15,000
Property running costs:(Tax, insurance and management costs)
$2,676
Net annual rental income:
$12,324
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

17%

Break even in

5.8 Years.

No investment data available