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Four Bedroom House (ref. 30538957)
Date & Time Listed: 2018-03-12 12:58:25 (GMT)
This large four bedroom house is very well located, the area is called Lee Miles and it is just 9.4 miles from Downtown Cleveland. This property has new windows, a new furnace, an updated bathroom, updated electrics, waterproof basement, two car detached garage, four large bedrooms, two bathrooms and a very large rear garden. The property is also Section 8 tenanted, there are new tenants and the rent is $1,160 a month. This property is managed by one of the leading Cleveland property management companies.
Lee Miles is a very well kept busy area in the city of Cleveland, less than a two minute walk away you will find the Lee Harvard Plaza which contains many of leading fast food chains. This area is surrounded by some of the very best neighbourhoods in Cleveland including Shaker Heights and Maple Heights.
Purchase price: $46,900
Gross annual rental income: $13,920
Property running costs: $10,832
(Tax, insurance and management costs)
Net annual rental income: $3,088
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 23%
This property is a Townhouse for sale.
Number of Bedrooms: 4
Number of Bathrooms: 2
Price: 46,900.00 USD
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