Four bedrooms, City of Cleveland, USA
City of Cleveland, Cuyahoga County, Ohio, USA
Property ID: 41577912
Summary Data
| Price | £67,768 |
| Price Type | |
| Bedrooms | Studio |
| Bathrooms | 2 - Bath |
| Plot Size | |
| Building Size |
| Sector | Residential |
| Type | Houses |
| Subtype | Townhouse |
| Tenure | |
| Completion | |
| Parking |
Location Map
Property Description
This large four bedroom, two apartment multi family home is located on a nice street in Brooklyn Centre on the Westside of Cleveland, the house is just a three minute walk to the centre of the town where you have every amenity you could need. The property is divided into two large apartments, you have a large two bedroom apartment downstairs and a large two bedroom apartment upstairs. The property also has good tenants in place in both apartments paying $600 in rent each month. The property is under management by a great local Cleveland property management company.
Brooklyn Centre is located on the Westside and viewed as a very central location in Cleveland Ohio, it is just 4.8 miles from Downtown Cleveland and only 3.3 miles from Detroit Shoreway which is one of the best areas in Cleveland. The property is also only two minutes and less than one mile from Cleveland Metroparks Zoo and food court which is a lovely family area of Cleveland.
Investment Calculation
Purchase price: 79,800
Gross annual rental income: $14,400
Property running costs: $3,340
(Tax, insurance and management costs)
Net annual rental income: $11,060
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 14%
Break even in 7.14 Years