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Three Bedroom House (ref. 33660184)
Date & Time Listed: 2018-11-08 11:19:48 (GMT)
This three bedroom house is located on a very nice street in the historic area of Union – Miles Park, right next to Slavic Village. This property has recently undergone a refurbishment and has an excellent new Section 8 tenant in place paying $1,100 a month. The property has a new kitchen, a updated bathroom, new carpets and paint and a large side garage. This property is under management by a great local property management company.
Union – Miles Park is viewed as a very central location in Cleveland Ohio, it is just 6.3 miles from Downtown and 5.5 miles from University Circle. The University Circle has the highest concentration of cultural attractions and performing arts venues in the whole of the US.
Purchase price: 56,000
Gross annual rental income: $13,200
Property running costs: $2,702
(Tax, insurance and management costs)
Net annual rental income: $10,498
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: 56,000.00 USD
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