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Three Bedroom House (ref. 41700403)
Date & Time Listed: 2024-01-22 13:43:46 (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 three bedroom siingle family home is located in North Broadway which is
just 4 miles from Downtown Cleveland. This property is also less than a mile from the
centre of Slavic Village one of the most demanded areas in Cleveland.
The property has three large bedrooms, one bathroom, a large lounge diner, a full
basement and a large rear garden, The house has just been completely refurbished and
made rent ready to a Section 8 standard. Once the new owner closes on the property
the management company will place brand new tenants, the house should achieve
$1,100 – $1,200 in rent each month.
North Broadway is viewed as a very central location in Cleveland Ohio, it is just 4 miles
miles from Downtown and 5 miles from University Circle. The property is also less than 1
mile from Slavic Village. Slavic Village is going through large development projects. This
is one of the most up and coming areas in the City and in huge demand from investors.
Investment Calculations
Purchase price
$67,900
Gross annual rental income:
$14,400
Property running costs:(Tax, insurance and management costs)
$2,674
Net annual rental income:
$11,726
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: 67,900.00 USD




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Related Links:
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