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House for sale

£57,662

Ohio, Cuyahoga County, City of Cleveland, USA Property ID: 41696729

Property description

This lovely three bedroom single family home is located on a nice street in Corlett
and is less than one mile and just three minutes from John Adams College, one of
the leading schools in Cleveland.
There are three bedrooms, a full basement and a large rear garden. The property
has just been refurbished throughout including new vinyl siding, new windows, new
furnace and hot water tank. The property also has a tenant in place paying $975 in
rent each month.
This property is under management by a great local Cleveland property
management company.

Corlett is viewed as a very central location in Cleveland Ohio, it is just 8.6 miles from
Downtown and 5.3 miles from University Circle. Also just 1.4 miles away you have
Lee Harvard shopping centre. The property is also just three minutes to John Adams
College, one of the best schools in Cleveland..

Investment Calculations

Purchase price

$67,900

Gross annual rental income:

$11,700

Property running costs:(Tax, insurance and management costs)

$2,426

Net annual rental income:

$9,274

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

Return of investment

14%