Two bedroom house, Cleveland, USA

Cleveland, Cuyahoga County, Ohio, USA

Property ID: 41703824

Summary Data

Price £62,758
Price Type
Bedrooms 2 - Bed
Bathrooms 1 - Bath
Plot Size
Building Size
Sector Residential
Type Houses
Subtype
Tenure
Completion
Parking

Location Map

Property Description

This large 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 five minutes and a mile
from Collingwood High School, one of the best schools in Cleveland.
There are two large bedrooms, 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. When complete the management company will place brand new
vetted tenants. The house should achieve $1,000 – $1,250 in rent each month.
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
$73,900
Gross annual rental income:
$15,000
Property running costs:(Tax, insurance and management costs)
$3,045
Net annual rental income:
$11,955
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

16%

Break even in

6.25 Years.

No investment data available