Property for sale in City of Cleveland - 41707243 - Advertised on propertyO by Global Investments Incorporated

House for sale

£69,551

Ohio, Cuyahoga County, City of Cleveland, USA Property ID: 41707243


Property description

This lovely single family home is located on a nice street in Forest Hills close to the shores
of Lake Erie and is just a short walk from Glenville High School, one of the best schools in
Cleveland.
There are five 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 $1,300 – $1,750 in rent each month.
Forest Hills is seen as a very strong investment area in Cleveland, it is close to the
Waterloo District, Euclid, Bratenahl and the I90 (highway) Lakeshore is appealing for bus
lines and bike trails. The house is just 1 mile to the Famous Shoreby Club and the
neighbouring community Bratenahl. Bratenahl is one of the most exclusive residential
areas in Cleveland where properties can sell in the Millions.

Investment Calculations
Purchase price
$81,900
Gross annual rental income:
$21,000
Property running costs:(Tax, insurance and management costs)
$3,476
Net annual rental income:
$17,524
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

22%

Break even in

4.54 Years.

Contact Global Investments Incorporated about this property

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