This very large three bedroom house is located in Kinsman, a desirable suburb which is just 4 miles from Downtown Cleveland. The house is also just 3 miles from the world famous Cleveland Clinic, There are three spacious bedrooms, one bathroom, a large kitchen, a full basement and a very large rear garden. There are also tenants in place paying $700 rent a month. This property is under management by a local Cleveland property management company. Kinsman is viewed as a very central location in Cleveland Ohio, it is just 4 miles miles from Downtown and 3 miles from University Circle. The property is in a very desirable area for buyers and renters alike. The house is just 3 miles from the world famous Cleveland Clinic and also just 3 miles to Larchmere Blvd which is host to a multitude of many quality cafe’s, restaurants, beauty salons, fashion shops and many small businesses. Investment Calculation Purchase price: $47,900 Gross annual rental income: $8,400 Property running costs: $1,800 (Tax, insurance and management costs) Net annual rental income: $6,600 Investment calculation - Net Income divided by Purchase price = NET ROI. Return on investment: 14% Break even in 7.14 Years This property is a House for sale.
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