Property for sale in City of Cleveland - 41708280 - Advertised on propertyO by Global Investments Incorporated

House for sale

£69,551

Ohio, Cuyahoga County, City of Cleveland, USA Property ID: 41708280


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. The property will be
renovated by Global Investments best contractors and will be supplied rent ready to a
Section 8 standard. The works will begin after the new owner closes on the property. 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
$81,900
Gross annual rental income:
$17,400
Property running costs:(Tax, insurance and management costs)
$3,338
Net annual rental income:
$14,062
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

17%

Break even in

5.8 Years.

Contact Global Investments Incorporated about this property

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