Property for sale in City of Cleveland - 41706313 - Advertised on propertyO by Global Investments Incorporated

House for sale

£89,933

Ohio, Cuyahoga County, City of Cleveland, USA Property ID: 41706313


Property description

This great three bedroom single family home is very well located in Cudell on the Westside
of Cleveland. The house is just a short walk to The Amazon Hub @ 10801 Madison Avenue.T
here are three large 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. The work will begin as soon as the new owner closes on
the property. When complete, the management company will place brand new vetted
tenants. The house should achieve $1,350 – $1,500 in rent each month. When complete the
house would appraise for a higher value, 3 bed detached houses in the area sell closer to
$250,000
Cudel is located on the Westside and viewed as desirable location in Cleveland Ohio, it is
just 5 miles from Downtown Cleveland and just 2 miles from Detroit Shoreway which is one
of the best areas in Cleveland. The property is also only 5 minutes from Edgewater park
which features 9000 feet of shoreline, dog and swim beaches, boat ramps, fishing pier,
picnic areas and grills

Investment Calculations
Purchase price
$105,900
Gross annual rental income:
$18,000
Property running costs:(Tax, insurance and management costs)
$3,663
Net annual rental income:
$14,337
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

14%

Break even in

7.14 Years.

Contact Global Investments Incorporated about this property

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