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House for sale

£44,075

Ohio, Cuyahoga County, City of Cleveland, USA Property ID: 41697800

Property description

This very nice three bedroom family home is located in North Broadway which is
just 4 miles from Downtown Cleveland. This property is also less than a mile from
the centre of Slavic Village one of the most demanded areas in Cleveland.
The property has three bedrooms, one bathroom, a full basement and a large rear
garden. The property has tenants in place paying $900 in rent each month.
The house is under management with a great local Cleveland property
management company.

North Broadway is viewed as a very central location in Cleveland Ohio, it is just 4
miles miles from Downtown and 5 miles from University Circle. The property is also
less than 1 mile from Slavic Village. Slavic Village is going through large
development projects. This is one of the most up and coming areas in the City and
in huge demand from investors.

Investment Calculations

Purchase price

$51,900

Gross annual rental income:

$9,600

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

$1,659

Net annual rental income:

$7,941

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

Return of investment

14%