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Three Bedroom House (ref. 33578135)
Date & Time Listed: 2018-11-05 13:13:14 (GMT)
This three bedroom house is located on a nice street in the historic area of Lee Miles.The property is located close to Miles Playfield and is less than five miles from Buckeye Shaker. It also just 2.5 miles from Maple Heights High School which is one of the leading schools in Cleveland. The property is in a great condition and has three large bedrooms, a detached garage, a front porch, a full basement and a large rear garden. It also has very good tenants paying $750 rent per month. The property is managed by a local Cleveland management company.
Lee Miles is a very well kept busy area in the City of Cleveland, less than a ten 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: 39,900
Gross annual rental income: $9,000
Property running costs: $1,745
(Tax, insurance and management costs)
Net annual rental income: $7,255
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 18%
This property is a Townhouse for sale.
Number of Bedrooms: 3
Number of Bathrooms: 1
Price: 39,900.00 USD
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