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House for sale

£62,758

Ohio, Cuyahoga County, Cleveland, USA Property ID: 41703824

Property description

This large 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 five minutes and a mile
from Collingwood High School, one of the best schools in Cleveland.
There are two large bedrooms, a full basement and a large garden. The property will be
renovated by Global Investments best contractors and will be supplied rent ready to a
Section 8 standard. When complete the management company will place brand new
vetted tenants. The house should achieve $1,000 – $1,250 in rent each month.
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 less than 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

$73,900

Gross annual rental income:

$15,000

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

$3,045

Net annual rental income:

$11,955

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

Return of investment

16%