Property for sale in Cleveland - 41709167 - Advertised on propertyO by Global Investments Incorporated

House for sale

£89,084

Ohio, Cuyahoga County, Cleveland, USA Property ID: 41709167


Property description

This fantastic four bedroom single family home is located in a very nice street in South Collinwood,
close to the shores of Lake Erie. South Collinwood is a very demanded area in Cleveland due to its
close proximity to the Waterloo Arts District.
There are four large bedrooms, one and a half bathrooms, 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 –
$1,800 in rent each month.
South Collinwood is seen as a very strong investment area in Cleveland, The property is less than 2
miles to The Waterloo Arts District, A funky, indie community, with lots of cool little galleries and
studios. You can hear live music at one of the best venues in the country or browse an awesome indie
music store. The coffee shops roasts all their own beans, and there are plenty of great places to eat
within a five-minute drive. just 15 minutes east of Downtown Cleveland.

Investment Calculations
Purchase price
$104,900
Gross annual rental income:
$21,600
Property running costs:(Tax, insurance and management costs)
$4,209
Net annual rental income:
$17,931
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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