Four bedroom house, City of Cleveland, USA

City of Cleveland, Cuyahoga County, Ohio, USA

Property ID: 41693508

Summary Data

Price £75,496
Price Type
Bedrooms 4 - Bed
Bathrooms 2 - Bath
Plot Size
Building Size
Sector Residential
Type Houses
Subtype
Tenure
Completion
Parking

Location Map

Property Description

This large multi-family home is located on a very nice street in Woodland Hills less
than 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 been recently updated throughout and now have Section 8
tenants in each apartment paying $800 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 5.5
miles from Downtown Cleveland, just 2.8 miles from the University Circle & only
1.3 miles from Shaker square. University Circle has the highest concentration of
cultural attractions and performing arts venues in the whole of the US.

Investment Calculations
Purchase price
$88,900
Gross annual rental income:
$19,200
Property running costs:(Tax, insurance and management costs)
$3,368
Net annual rental income:
$15,832
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

18%

Break even in

5.5 Years.

No investment data available