Four bedroom house, City of Cleveland, USA

This large multi-family home is located on a very nice street in Woodland Hills
just six 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 have tenants in place each paying $600 in rent each month.
The house is under management with a great local Cleveland property
management company.

Woodland Hills is viewed as a very central location in Cleveland Ohio, it is just
5.2 miles from Downtown Cleveland, just 3.3 miles from the University Circle &
only 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: 79,900

Gross annual rental income: $14,400

Property running costs: $2,954
(Tax, insurance and management costs)

Net annual rental income: $11,446

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

Return on investment: 15%