Three Bedroom House (ref. 41695337) - 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. 41695337)
Date & Time Listed: 2024-03-04 20:53:31 (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 large three bedroom single family home is located on a nice street in Forest Hills
close to the shores of Lake Erie and is less than 1 mile from Glenville High School, one of
the best schools in Cleveland.
The property has 3 bedrooms, one bathrooms, a full basement and a large rear garden.
The property has tenants in place paying $1,250 in rent each month. The tenants are
Section 8/EDEN so the rent is paid direct to the landlord via the City of Cleveland.
The house is under management with a great local Cleveland property management
company.
Forest Hills is seen as a very strong investment area in Cleveland, it is close to the
Waterloo District, Euclid, Bratenahl and the I90 (highway) Lakeshore is appealing for bus
lines and bike trails. The house is just 1.4 miles to the Famous Shoreby Club and the
neighbouring community Bratenahl. Bratenahl is one of the most exclusive residential
areas in Cleveland where properties can sell in the Millions.
Investment Calculations
Purchase price
$69,900
Gross annual rental income:
$15,000
Property running costs:(Tax, insurance and management costs)
$2,600
Net annual rental income:
$12,400
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: 69,900.00 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