Three bedroom house , City of Cleveland, USA
City of Cleveland, Cuyahoga County, Ohio, USA
Property ID: 41614830
Summary Data
| Price | £47,472 |
| Price Type | |
| Bedrooms | Studio |
| Bathrooms | 1 - Bath |
| Plot Size | |
| Building Size |
| Sector | Residential |
| Type | Houses |
| Subtype | Townhouse |
| Tenure | |
| Completion | |
| Parking |
Location Map
Property Description
This large three bedroom house is located on a nice street in Corlett and
is just 2.8 miles from the famous Shaker Square.There are three large
bedrooms, a full basement and a large rear garden.
This property has recently received many updates including new carpets
and paint, a new kitchen, a new hot water tank and updated bathroom.
The property has just been listed for rentals by one of the leading
Cleveland management companies, the new tenants will be paying $995
rent per month.
Corlett is viewed as a very central location in Cleveland Ohio, it is just
7.6.4 miles from Downtown and 5.4 miles from University Circle. Also just
2.8 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.
Investment Calculation
Purchase price: 55,900
Gross annual rental income: $11,940
Property running costs: $2,454
(Tax, insurance and management costs)
Net annual rental income: $9,486
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 18%
Break even in 5.5 Years