Three bedroom house, City of Cleveland, USA

City of Cleveland, Cuyahoga County, Ohio, USA

Property ID: 41706026

Summary Data

Price £84,837
Price Type
Bedrooms 3 - Bed
Bathrooms 1 - Bath
Plot Size
Building Size
Sector Residential
Type Houses
Subtype
Tenure
Completion
Parking

Location Map

Property Description

This fantastic three bedroom single family home is located on a very nice street in the sought after
area of South-Collinwood, it is just five minutes from the Lakeshore and less than 1 mile to
Collingwood High School, one of the best schools in Cleveland.
The property has three bedrooms, one bathroom, a full basement and a large rear garden. The house
is in the final stages of being refurbished and will be supplied by the seller rent ready to a Section 8
standard. When completed the management company will place brand new tenants. The house
should achieve $1,100 – $1,350 in rent each month. There is also 70% finance available for non US
residents, terms and conditions apply.
South-Collinwood is seen as a very strong investment area in Cleveland, this area is surrounded by
some great neighbourhoods like University Heights, Glenville, Richmond Heights and Euclid, The
property is less than 1 mile to Collinwood High School one of the best schools in Cleveland. This is one
of our most demanded areas by investors

Investment Calculations
Purchase price
$99,900
Gross annual rental income:
$16,200
Property running costs:(Tax, insurance and management costs)
$9,444
Net annual rental income:
$6,756
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

19%

Break even in

5.26 Years.

No investment data available