Property for sale in City of Cleveland - 41707140 - Advertised on propertyO by Global Investments Incorporated

House for sale

£67,853

Ohio, Cuyahoga County, City of Cleveland, USA Property ID: 41707140


Property description

This fantastic four bedroom single family home is located on a nice street in Saint Clair-Superior just 3 miles from Downtown Cleveland. Saint Clair-Superior is close to the great
lake, borderline lake properties offer lots of potential for future growth.
The home has four bedrooms, two bathrooms, a large lounge dinera full basement and a
nice garden with a lovely double garage. 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 – $1,600 in rent each month based on current Section 8 market
rates.
St.Clair-Superior is an extremely well located suburb which is just 3 miles East of the centre
of downtown. The property is very close to Burke Lakefront Airport just to the North. Due
to the proximity of the City and every amenity possible this area is very highly demanded
for rentals.

Investment Calculations
Purchase price
$79,900
Gross annual rental income:
$19,200
Property running costs:(Tax, insurance and management costs)
$3,120
Net annual rental income:
$16,080
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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