Property for sale in City of Cleveland - 41708363 - Advertised on propertyO by Global Investments Incorporated

House for sale

£67,853

Ohio, Cuyahoga County, City of Cleveland, USA Property ID: 41708363


Property description

This very nice three bedroom single family home is located in Mount Pleasant and is only 2.5 Miles from
the famous Shaker Square.
There are three bedrooms, one bathroom, 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.
Mount Pleasant is seen as a very strong investment area in Cleveland, just 2.5 miles away you have the
famous Shaker Square which is one of the biggest attractions in Cleveland. Shaker Square is full of
restaurants, bars, boutiques and even has a cinema. This property is also only 7 miles from Downtown
and 4 miles from the University Circle.

Investment Calculations
Purchase price
$79,900
Gross annual rental income:
$17,400
Property running costs:(Tax, insurance and management costs)
$3,109
Net annual rental income:
$14,291
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

18%

Break even in

5.5 Years.

Contact Global Investments Incorporated about this property

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