Property for sale in City of Cleveland - 41706541 - Advertised on propertyO by Global Investments Incorporated

House for sale

£67,853

Ohio, Cuyahoga County, City of Cleveland, USA Property ID: 41706541


Property description

This large four bedroom single family home is located on a very nice street in Woodland Hills, right
next to the Woodland Homes district just on the boarder of Buckeye Shaker. The house is just 2 miles
from the entrance to the world famous Cleveland Clinic.
The property will be renovated by Global Investments best contractors and will be supplied rent
ready to a Section 8 standard. The house already has new windows, new vinyl siding and updated
electrics. 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. Large 4 bedroom single family homes
are in shortage and high demand with Section 8, The house should achieve $1,250 – $1,600 in rent
each month.
Woodland Hills is viewed as a very central location in Cleveland Ohio, it is just 5 miles from
Downtown Cleveland, just 2 miles from the University Circle & only 1 mile from Shaker square. There
are many new built homes being built in this area, increasing the value or surrounding properties
with a good potential for capital appreciation. New builds are selling for over $300,000.

 

Investment Calculations
Purchase price
$79,900
Gross annual rental income:
$19,200
Property running costs:(Tax, insurance and management costs)
$3,204
Net annual rental income:
$15,996
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

20%

Break even in

5 Years.

Contact Global Investments Incorporated about this property

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