Property for sale in Euclid - 41709325 - Advertised on propertyO by Global Investments Incorporated

House for sale

£69,551

Ohio, Cuyahoga County, Euclid, USA Property ID: 41709325


Property description

This fantastic two bedroom single family home is located in Euclid right next to North Collinwood, just a
short distance from the Lakefront. The house is less than 2 miles to Euclid High School and also only 1
mile and 5 minutes from the new $175M, 650,000-square-foot Amazon fulfilment centre in Euclid.
There are two 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 $1,100 – $1,500 in rent each
month based on current Section 8 housing rates.
Euclid is seen as a very strong investment area in Cleveland, this area is surrounded by some great
neighbourhoods like North and South Collinwood. Literally minutes of driving to Downtown and
University Circle, great shopping, Lake Erie shore nearby with well-maintained parks, restaurants &
entertainment. The areas is highly demanded for renters especially close to the Amazon fulfilment centre

Investment Calculations
Purchase price
$81,900
Gross annual rental income:
$18,000
Property running costs:(Tax, insurance and management costs)
$3,862
Net annual rental income:
$14,138
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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