Four bedroom house, City of Cleveland, USA

City of Cleveland, Cuyahoga County, Ohio, USA

Property ID: 41706994

Summary Data

Price £84,837
Price Type
Bedrooms 4 - Bed
Bathrooms 2 - Bath
Plot Size
Building Size
Sector Residential
Type Houses
Subtype
Tenure
Completion
Parking

Location Map

Property Description

This fantastic two apartment multi family home is located in Kinsman, a desirable suburb which is just 5 miles
from Downtown Cleveland. The house is just 1.5 miles to John Adam College & Career Academy. & directly
opposite the Breakthrough Public School / Woodland Hills. A nationally recognised network of schools was
formed in 2010 by the highest-performing, college preparatory, nonprofit public charter schools in Cleveland.
The property is divided into two large apartments. You have a large two bedroom apartment downstairs and a
large two bedroom apartment upstairs. 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 when the new owner closes on
the property. The management company will then place brand new vetted tenants. Each apartment should
achieve $950 – $1,250 in rent each month with Section 8 housing.
Kinsman is viewed as a very central location in Cleveland Ohio, it is just 5 miles miles from Downtown and 4
miles from University Circle. The property is in a very desirable area for buyers and renters alike. The house is
less than 2 miles to Luke easter Park, a large recreational area consisting of a roller skating rink, gym, basketball
courts, track, Woodland Hills swimming pool, a playground, outdoor basketball courts, an outdoor running
track and shelter houses for picnicking.

Investment Calculations
Purchase price
$99,900
Gross annual rental income:
$30,000
Property running costs:(Tax, insurance and management costs)
$4,900
Net annual rental income:
$25,100
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

25%

Break even in

4 Years.

No investment data available