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Three Bedroom House (ref. 33217267)
Date & Time Listed: 2018-10-11 11:39:07 (GMT)
This large three bedroom house is located on a nice street in the highly sought after area of Mount Pleasant, just 1.9 miles from the famous Shaker Square. Shaker Square is one of the biggest attractions in Cleveland and is full of restaurants, bars, boutiques and even has a cinema. This property has been recently updated including a new bathroom and updated kitchen, new carpets and paint and a brand new roof.There are new tenants in place who are paying $750 rent a month. This property is under management by a great local company.
Mount Pleasant is seen as a very strong investment area in Cleveland, it is Mount Pleasant is viewed as a very central location in Cleveland Ohio, it is just 6.4 miles from Downtown and 4.3 miles from University Circle which has the highest concentration of cultural attractions and performing arts venues in the whole of the US.
Purchase price: 38,000
Gross annual rental income: $9,000
Property running costs: $2,065
(Tax, insurance and management costs)
Net annual rental income: $6,935
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 19%
This property is a Townhouse for sale.
Number of Bedrooms: 3
Number of Bathrooms: 1
Price: 38,000.00 USD
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