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Three Bedroom House (ref. 40755599)
Date & Time Listed: 2020-06-25 11:17:49 (GMT)

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 3, Number of Bathrooms: 1
Posted From: United States, Ohio, Cuyahoga


Ad Details:

This very nice three bedroom house is located on a nice street in Union – Miles Park which is a great neighbourhood in Cleveland, this area is close to Mount Pleasant and Slavic Village. It is also just a few minutes from John Adams College And Career Academy, which is one of the best schools in Cleveland. There are three bedrooms, one bathroom, a full basement and a large garden. The property has just been updated inside and made rental ready. There are now new tenants in place paying $750 rent a month . The property is under management by a local Cleveland property management company.
Union – Miles Park is viewed as a very central location in Cleveland Ohio, it is just 5.7 miles from Downtown and 4.3 miles from University Circle. University Circle has the highest concentration of cultural attractions and performing arts venues in the whole of the US.
Investment Details
Purchase price: 33,900
Gross annual rental income: $9,000
Property running costs: $1,569
(Tax, insurance and management costs)
Net annual rental income: $7,431
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 22%
Break even in 4.54 Years
This property is a Townhouse for sale.

Other Details:

Number of Bedrooms: 3
Number of Bathrooms: 1

Price: 33,900.00 USD




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