Property for sale in City of Cleveland - 41708990 - Advertised on propertyO by Global Investments Incorporated

House for sale

£70,401

Ohio, Cuyahoga County, City of Cleveland, USA Property ID: 41708990


Property description

This large four bedroom single family home is located in the sought after area of
Glenville, just 1.3 miles to the centre of University Circle. There are a large number of
new build properties being constructed in this area having a positive impact on nearby
real estate.
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. Large 4 bedroom single family homes are in shortage and high demand
with Section 8, The house should achieve $1,350 – $1,800 in rent each month.
Glenville is seen as a very strong investment area in Cleveland, it is close to the Waterloo
District, Euclid, Bratenahl and the I90 (highway). The property is extremely well located
and is very close to the VA hospital the Cleveland Museum of natural history, the
Cleveland, Museum of Art, casted western reserve University, the university hospitals,
and the Cleveland clinic.

Investment Calculations
Purchase price
$82,900
Gross annual rental income:
$21,600
Property running costs:(Tax, insurance and management costs)
$3,346
Net annual rental income:
$18,254
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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