Four bedroom house, City of Cleveland, USA

This large multi-family home is located on a very nice street in Woodland Hills
less than five minutes from the famous Shaker Square, one of the biggest
attractions in Cleveland. Shaker Square is full of restaurants, bars, boutiques and
even has a cinema.
The property is divided into two very large apartments, you have a large two
bedroom apartment downstairs and a large two bedroom apartment upstairs.
Both apartments are just in the final stages of being made rental ready and the
management company will place brand new tenants when the new owner closes
on the property paying $700 in rent each month in each apartment.

Woodland Hills is viewed as a very central location in Cleveland Ohio, it is just
5.4 miles from Downtown Cleveland, just 2.7 miles from the University Circle &
only 1.2 miles from Shaker square. University Circle has the highest
concentration of cultural attractions and performing arts venues in the whole of
the US.

Investment Calculation

Purchase price: 77,900

Gross annual rental income: $16,800

Property running costs: $3,160
(Tax, insurance and management costs)

Net annual rental income: $13,640

Investment calculation - Net Income divided by Purchase price = NET ROI.

Return on investment: 18%