Property for sale in City of Cleveland - 41695643 - Advertised on propertyO by Global Investments Incorporated

House for sale

£52,567

Ohio, Cuyahoga County, City of Cleveland, USA Property ID: 41695643


Property description

This fantastic four 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 a short
walk to Collingwood High School, one of the best schools in Cleveland. The house also is
right next to East Clark Elementary School.
The property has four spacious bedrooms, one and a half bathrooms, a large lounge diner
and a full basement. The property has tenants in place paying $850 in rent each month.
The market rent for four bedroom houses in South Collinwood can reach up to $1,200
The house is under management with a great local Cleveland property management
company.

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 0.5 miles and walking distance to Collinwood High
School one of the best schools in Cleveland. This is one of our most demanded areas by
investors.

 

Investment Calculations
Purchase price
$61,900
Gross annual rental income:
$10,200
Property running costs:(Tax, insurance and management costs)
$2,220
Net annual rental income:
$7,980
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

13%

Break even in

7.69 Years

Contact Global Investments Incorporated about this property

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