Property for sale in City of Cleveland - 41708114 - Advertised on propertyO by Global Investments Incorporated

House for sale

£66,155

Ohio, Cuyahoga County, City of Cleveland, USA Property ID: 41708114


Property description

This fantastic large three bedroom house is located on a nice street 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 from John Adams College And Career Academy, which is one of the best schools
in Cleveland.
The property has three large bedrooms, a Large lounge diner, a full basement and a large rear
garden with a detached garage. The property has just been refurbished and made rent ready to a
Section 8 standard. Once the new owner closes on the property the management company will
place brand new tenants, the house should achieve $1,250 – $1,700 in rent each month based on
current Section 8 market rates.
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 a short
walk to John Adams College And Career Academy, which is one of the best schools in Cleveland.

Investment Calculations
Purchase price
$77,900
Gross annual rental income:
$20,400
Property running costs:(Tax, insurance and management costs)
$3,438
Net annual rental income:
$16,962
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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