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House for sale

£44,075

Ohio, Cuyahoga County, City of Cleveland, USA Property ID: 41699949

Property description

This fantastic two 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 1.6 miles to
Collingwood High School, one of the best schools in Cleveland.
The property has two spacious bedrooms, two bathrooms, 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 $1,000 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

$51,900

Gross annual rental income:

$10,200

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

$2,420

Net annual rental income:

$7,780

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

Return of investment

15%