Property for sale in City of Cleveland - 41699417 - Advertised on propertyO by Global Investments Incorporated

House for sale

£63,607

Ohio, Cuyahoga County, City of Cleveland, USA Property ID: 41699417


Property description

This three bedroom single family home is located in South Broadway which is just 7
miles from Downtown Cleveland. The house is also boardering on Shaker Heights and is
just 1.2 miles from the famous Shaker Heights High School. Shaker Heights is one of the
most demanded and prestigious 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 $1,200 in rent each month. The house
is under management with a great local Cleveland property management company.
South Broadway is just 2 miles South of Slavic Village which is going through large
development projects. This is one of the most up and coming areas in the City and in
huge demand by investors due to new build properties increasing the value of the
properties in the surrounding areas. The house is also just bordering on the famous
Shaker Heights, one of the most desirable areas in Cleveland. The house is just 1.2
miles from Shaker Heights High School.

Investment Calculations
Purchase price
$74,900
Gross annual rental income:
$14,400
Property running costs:(Tax, insurance and management costs)
$3,724
Net annual rental income:
$10,679
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

15%

Break even in

6.6 Years.

Contact Global Investments Incorporated about this property

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