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Three Bedroom House (ref. 41344452)
Date & Time Listed: 2020-10-08 11:04:04 (GMT)
This large single family home is located in Euclid Green right next to South Collinwood, just a short distance from the Lakefront. It is also only 1.6 miles and just three minutes from the famous Euclid Avenue where you will find many shops, restaurants, hotel chains & the town hall. This is one of our most demanded areas by investors. The property has just been updated and made rental ready and now has tenants in place paying $900 in rent each month.. This property is under management by a great local property management company.
Euclid Green is seen as a very strong investment area in Cleveland, this area is surrounded by some great neighbourhoods like University Heights, Glenville, Richmond Heights and South Collinwood, this property is only 9.4 miles from Downtown and just 4.6 miles from the University Circle.
Purchase price: 59,900
Gross annual rental income: $10,800
Property running costs: $3,400
(Tax, insurance and management costs)
Net annual rental income: $7,400
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 14%
Break even in 7.14 Years
This property is a Townhouse for sale.
Number of Bedrooms: 3
Number of Bathrooms: 1
Price: 59,900.00 USD
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