Three Bedroom House (ref. 41691108) - Houses for Sale, Real Estate - Number of Bedrooms: 3, Number of Bathrooms: 1 - Cuyahoga, Ohio, United States

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Three Bedroom House (ref. 41691108)
Date & Time Listed: 2023-02-23 10:09:44 (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 fantastic large three bedroom brick built 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 large bedrooms, one bathroom a full basement and a large rear
yard. The property has just been refurbished to a good Section 8 standard. The
management company will place brand new tenants when the new owner closes on
the property. The house should achieve $1,200 each month in rent. The tenants
could either be Section 8 housing or private, the decision will be for the new owner.
Union – Miles Park is viewed as a very central location in Cleveland Ohio, it is just 8
miles from Downtown and 5 miles from University Circle. University Circle has the
highest concentration of cultural attractions and performing arts venues in the whole
of the US. The house is also just 4 minutes to John Adams College And Career
Academy, which is one of the best schools in Cleveland.
Investment Calculations
Purchase price
$64,900
Gross annual rental income:
$14,400
Property running costs:(Tax, insurance and management costs)
$2,875
Net annual rental income:
$11,525
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
18%
Break even in
5.5 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 3
Number of Bathrooms: 1

Price: 64,900.00 USD

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

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