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House for sale

£66,155

Ohio, Cuyahoga County, City of Cleveland, USA Property ID: 41708179

Property description

This great single family home is located on a nice street in Corlett and is less than a mile and
two minutes from John Adams College, one of the leading schools in Cleveland.
There are three bedrooms, a full basement and a large garden with a detached 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 – $1,700 in rent each month.
Corlett is viewed as a very central location in Cleveland Ohio, it is just 7 miles from
Downtown and 5 miles from University Circle. Also less than 2 miles away you have Lee
Harvard shopping centre. The property is also just walking distance to John Adams College,
one of the best schools in Cleveland.

Investment Calculations

Purchase price

$77,900

Gross annual rental income:

$17,400

Property running costs:(Tax, insurance and management costs)

$3,242

Net annual rental income:

$14,158

Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

18%