Property for sale in City of Cleveland - 41704749 - Advertised on propertyO by Global Investments Incorporated

House for sale

£66,155

Ohio, Cuyahoga County, City of Cleveland, USA Property ID: 41704749


Property description

This lovely three bedroom single family home is located in Union – Miles Park which is a great
neighbourhood in Cleveland, this area is close to Mount Pleasant and Slavic Village. It is also
just a few minutes to John Adams College And Career Academy, which is one of the best
schools in Cleveland.
There are three bedrooms, one bathroom, 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 $1,250 – $1,400 in rent each month. The house also comes
with a 1 Month rental guarantee to give the new owner an immediate income when the works
begin.
Union – Miles Park is viewed as a very central location in Cleveland Ohio, it is just 6 miles from
Downtown and 5 miles from University Circle. University Circle has the highest concentration
of cultural attractions and performing arts venues in the whole of the US. The house is also just
1 mile to John. Adams College and Career Academy.

Investment Calculations
Purchase price
$77,900
Gross annual rental income:
$16,800
Property running costs:(Tax, insurance and management costs)
$3,016
Net annual rental income:
$13,784
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

18%

Break even in

5.5 Years.

Contact Global Investments Incorporated about this property

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