Two bedroom house, City of Cleveland, USA
City of Cleveland, Cuyahoga County, Ohio, USA
Property ID: 41581431
Summary Data
| Price | £33,035 |
| Price Type | |
| Bedrooms | Studio |
| Bathrooms | 1 - Bath |
| Plot Size | |
| Building Size |
| Sector | Residential |
| Type | Houses |
| Subtype | Townhouse |
| Tenure | |
| Completion | |
| Parking |
Location Map
Property Description
This single family house is located on a nice street in St.Clair Superior just eight minutes away from the University Circle. The property is in a good condition and comes with two large bedrooms, a full basement and a very large garden, it also has new aluminum siding and glass block windows. The property has a tenant in place paying $700 in rent each month. The property is under management by a great local company.
Saint Clair-Superior is viewed as an up and coming area in Cleveland due to its close proximity to the lake, it is also just 3 miles from Downtown and 2.4 miles from University Circle. The University Circle has the highest concentration of cultural attractions and performing arts venues in the whole of the US.
Investment Calculation
Purchase price: 38,900
Gross annual rental income: $8,400
Property running costs: $2,040
(Tax, insurance and management costs)
Net annual rental income: $6,360
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 17%
Break even in 5.8 Years