Five bedroom house, Cleveland, USA

Cleveland, Cuyahoga County, Ohio, USA

Property ID: 41690199

Summary Data

Price £67,853
Price Type
Bedrooms 5 - Bed
Bathrooms 1 - Bath
Plot Size
Building Size
Sector Residential
Type Houses

Location Map

Property Description

This fantastic large five bedroom house is located in Fairfax, just one mile and five
minutes from the world famous Cleveland Clinic, it is also less than 2 miles from
The University Circle.
The property is in a great condition and consists of five large bedrooms, a large
kitchen and 1.5 bathrooms, there is also a new efficiency furnace, a new hot water
tank, updated electrical panel and a great tenant already in place. The current
market rent for a five bedroom single family home in this location can reach up to
$1,500, so should the tenant leave in the future the rent could be increased. The
house is under management with a great local Cleveland property management

Fairfax is viewed as a very well located in Cleveland Ohio, it is just 3 miles from
Downtown and 2 miles from University Circle. The University Circle has the
highest concentration of cultural attractions and performing arts venues in the
whole of the US.

Investment Calculations
Purchase price
Gross annual rental income:
Property running costs:(Tax, insurance and management costs)
Net annual rental income:
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment


Break even in

8.3 Years.

No investment data available