Two bedroom house, City of Cleveland, USA

This two bedroom house is located on a nice street in North Broadway and is only
2.2 miles from the centre of Slavic Village.
The property has just been made rental ready and has a new tenant in place, the
property has two large bedrooms, a finished basement, new carpets, new paint, a
new furnace and a new hot water. This property is under management by a local
Cleveland property management company.

North Broadway/Slavic Village is viewed as a very central location in Cleveland
Ohio, it is just 5 miles from Downtown and 6.7 miles from University Circle. The
property is also just less than five minutes from the centre of Slavic Village which is
going through large development projects. This is one of the most up and coming
areas in the City and in huge demand by investors due to new build properties
increasing the value of the properties in the surrounding areas.

Investment Calculation

Purchase price: $44,900

Gross annual rental income: $9,600

Property running costs: $2,260
(Tax, insurance and management costs)

Net annual rental income: $7,340

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

Return on investment: 17%