Property for sale in City of Cleveland - 41703359 - Advertised on propertyO by Global Investments Incorporated

House for sale

£97,576

Ohio, Cuyahoga County, City of Cleveland, USA Property ID: 41703359


Property description

This fantastic three bedroom single family home is located in Euclid right next to North
Collinwood, just a short distance from the Lakefront. The house is just a short walk tio Euclid
High School and also only 1 mile and 5 minutes from the new $175M, 650,000-square-foot
Amazon fulfilment centre in Euclid.
The property has three bedrooms, one bathroom, a full basement and a large rear garden.
The property has tenants in place paying $1,000 in rent each month. The current market rent
is closer to $1,250 – $1,450 in rent each month. The house is under management with
Remax which are one of the top property management companies in the US. The property
has a potential 70% finance available, terms and conditions apply.
Euclid is seen as a very strong investment area in Cleveland, this area is surrounded by some
great neighbourhoods like North and South Collinwood. Literally minutes of driving to
Downtown and University Circle, great shopping, Lake Erie shore nearby with wellmaintained parks, restaurants & entertainment. The areas is highly demanded for renters
especially close to the Amazon fulfilment centre

Investment Calculations
Purchase price
$114,900
Gross annual rental income:
$12,000
Property running costs:(Tax, insurance and management costs)
$3,155
Net annual rental income:
$8,845
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

8%

Break even in

12.5 Years.

Contact Global Investments Incorporated about this property

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