Three bedroom house, City of Cleveland, USA

City of Cleveland, Cuyahoga County, Ohio, USA

Property ID: 41706313

Summary Data

Price £89,933
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 great three bedroom single family home is very well located in Cudell on the Westside
of Cleveland. The house is just a short walk to The Amazon Hub @ 10801 Madison Avenue.T
here are three large 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 work will begin as soon as the new owner closes on
the property. When complete, the management company will place brand new vetted
tenants. The house should achieve $1,350 – $1,500 in rent each month. When complete the
house would appraise for a higher value, 3 bed detached houses in the area sell closer to
$250,000
Cudel is located on the Westside and viewed as desirable location in Cleveland Ohio, it is
just 5 miles from Downtown Cleveland and just 2 miles from Detroit Shoreway which is one
of the best areas in Cleveland. The property is also only 5 minutes from Edgewater park
which features 9000 feet of shoreline, dog and swim beaches, boat ramps, fishing pier,
picnic areas and grills

Investment Calculations
Purchase price
$105,900
Gross annual rental income:
$18,000
Property running costs:(Tax, insurance and management costs)
$3,663
Net annual rental income:
$14,337
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

14%

Break even in

7.14 Years.

No investment data available