Three bedroom house, Cleveland, USA

This fantastic three bedroom single family home is located on a very nice street in
the sought after area of South-Collinwood, it is just five minutes from the Lakeshore
and only five minutes to Collingwood High School, one of the best schools in
Cleveland.
The property has four spacious bedrooms, one bathroom, a large lounge, a full
basement, a large rear garden and a detached garage. The property already has a
tenant in place paying $700 in rent each month. Rents for three bedroom detached
homes in South Collinwood reach up to $1,200 each month so should the tenant
leave the rent could be increased.

South-Collinwood is seen as a very strong investment area in Cleveland, this area is
surrounded by some great neighbourhoods like University Heights, Glenville,
Richmond Heights and Euclid, The property is just 1.5 miles and four minutes to
Collinwood High School one of the best schools in Cleveland. This is one of our most
demanded areas by investors

Investment Calculation

Purchase price: 49,900

Gross annual rental income: $8,400

Property running costs: $2,440
(Tax, insurance and management costs)

Net annual rental income: $5,960

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

Return on investment: 12%