Property for sale in City of Cleveland - 41708726 - Advertised on propertyO by Global Investments Incorporated

House for sale

£67,853

Ohio, Cuyahoga County, City of Cleveland, USA Property ID: 41708726


Property description

This fantastic three bedroom single family home is located in North Broadway which is just 4 miles
from Downtown Cleveland. This property is just 1.5 miles from the centre of Slavic Village one of
the most demanded areas in Cleveland.
The property has three large bedrooms, one bathroom, a large lounge diner, a full basement and a
large rear 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 based on the current Section 8 rates.
North Broadway is viewed as a very central location in Cleveland Ohio, it is just 4 miles miles from
Downtown and 5 miles from University Circle. The property is also just 1.5 miles from Slavic Village.
Slavic Village is going through large development projects. This is one of the most up and coming
areas in the City and in huge demand from investors.

Investment Calculations
Purchase price
$79,900
Gross annual rental income:
$20,400
Property running costs:(Tax, insurance and management costs)
$3,068
Net annual rental income:
$17,332
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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