Four bedroom house, City of Cleveland, USA

City of Cleveland, Cuyahoga County, Ohio, USA

Property ID: 41694469

Summary Data

Price £47,472
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 really nice single large family home is located in Mount Pleasant and is only five
minutes from the famous Shaker Square. Shaker Square is one of the biggest
attractions in Cleveland and is full of restaurants, bars, boutiques and even has a
cinema.
The property has Four spacious bedrooms, one bathroom, a large lounge diner,
spacious kitchen and a full basement. The house is in a very nice street and has a
nice rear garden with a detached garage. The house has a long term tenant in place
paying $800 in rent each month. The market rent can reach up to $1,250 each
month. The house is under management with a great local Cleveland property
management company.

Mount Pleasant is seen as a very strong investment area in Cleveland, just 1.6 miles
away you have the famous Shaker Square which is one of the biggest attractions in
Cleveland. Shaker Square is full of restaurants, bars, boutiques and even has a
cinema. This property is also only 6 miles from Downtown and 4 miles from the
University Circle.

Investment Calculations
Purchase price
$55,900
Gross annual rental income:
$9,600
Property running costs:(Tax, insurance and management costs)
$2,416
Net annual rental income:
$7,184
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

13%

Break even in

7.69 Years

No investment data available