Five bedroom house, City of Cleveland, USA

City of Cleveland, Cuyahoga County, Ohio, USA

Property ID: 41695160

Summary Data

Price £94,179
Price Type
Bedrooms 5 - Bed
Bathrooms 2 - Bath
Plot Size
Building Size
Sector Residential
Type Houses
Subtype
Tenure
Completion
Parking

Location Map

Property Description

This great opportunity to purchase two large large single family homes on the same plot 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.
At the from of the plot sits a three bedroom house. The property is currently vacant and is in need of
just a few cosmetic repairs to be made rental ready. The works are included in the price and will
begin as soon as the new owner closes on the property. When complete the management company
will place brand new tenants. The house should achieve $900 – $1,000 in rent each month.
At the rear of the plot sits a further two bedroom single family home, this property has a Section 8
tenant in place paying $900 in rent each month.

Woodland Hills is viewed as a very central location in Cleveland Ohio, it is just 5.3 miles from
Downtown Cleveland, just 2.9 miles from the University Circle & only 1.5 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
$110,900
Gross annual rental income:
$24,000
Property running costs:(Tax, insurance and management costs)
$4,800
Net annual rental income:
$19,200
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

18%

Break even in

5.5 Years.

No investment data available