Property for sale in City of Cleveland - 41697959 - Advertised on propertyO by Global Investments Incorporated

House for sale

£42,376

Ohio, Cuyahoga County, City of Cleveland, USA Property ID: 41697959


Property description

This fantastic three 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 1 mile to
Collingwood High School, one of the best schools in Cleveland.
The property has three spacious bedrooms, one bathroom, a large lounge diner and a full
basement. The property has tenants in place paying $850 in rent each month. The current
market rent for this property in this location can reach up to $1,200 each month.
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 1 mile 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
$49,900
Gross annual rental income:
$10,200
Property running costs:(Tax, insurance and management costs)
$2,341
Net annual rental income:
$7,859
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

16%

Break even in

6.3 Years.

Contact Global Investments Incorporated about this property

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