Three bedroom house, City of Cleveland, USA

City of Cleveland, Cuyahoga County, Ohio, USA

Property ID: 41692556

Summary Data

Price £35,582
Price Type
Bedrooms 4 - Bed
Bathrooms 1 - Bath
Plot Size
Building Size
Sector Residential
Type Houses
Subtype
Tenure
Completion
Parking

Location Map

Property Description

This great four bedroom family home is located on a nice street in South Broadway which
is just 6 miles from Downtown Cleveland. This property is also in the heart of Broadway
Slavic Village and less than a mile to the centre of Slavic Village, one of the most
demanded areas in Cleveland due to the new build homes increasing in the area.
The property has four bedrooms, one bathroom, a nice lounge diner and a full basement.
The house has a very good long term tenant in place paying $600 in rent each month. Four
bedroom detached single family homes can reach up to $1,200 in rent currently so should
the tenant leave in the future, the rent could be increased.
The property is under management by a great local Cleveland property management
company.

South Broadway is viewed as a very central location in Cleveland Ohio, it is just 6 miles
miles from Downtown and 6 miles from University Circle. The property is also in the heart of
Broadway Slavic Village. Slavic Village 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.

Investment Calculations
Purchase price
$41,900
Gross annual rental income:
$7,200
Property running costs:(Tax, insurance and management costs)
$1,811
Net annual rental income:
$5,389
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

13%

Break even in

7.69 Years

No investment data available