Four Bedroom House (ref. 41695643) - Houses for Sale, Real Estate - Number of Bedrooms: 4, Number of Bathrooms: 1 - Cuyahoga, Ohio, United States

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Four Bedroom House (ref. 41695643)
Date & Time Listed: 2024-03-04 20:53:33 (GMT)

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 4, Number of Bathrooms: 1
Posted From: United States, Ohio, Cuyahoga

Ad Details:

This fantastic four bedroom single family home is located on a very nice street in the sought
after area of South-Collinwood, it is just five minutes from the Lakeshore and only a short
walk to Collingwood High School, one of the best schools in Cleveland. The house also is
right next to East Clark Elementary School.
The property has four spacious bedrooms, one and a half bathrooms, a large lounge diner
and a full basement. The property has tenants in place paying $850 in rent each month.
The market rent for four bedroom houses in South Collinwood can reach up to $1,200
The house is under management with a great local Cleveland property management
company.
South-Collinwood 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 Euclid, The property is just 0.5 miles and walking distance to Collinwood High
School one of the best schools in Cleveland. This is one of our most demanded areas by
investors.
Investment Calculations
Purchase price
$61,900
Gross annual rental income:
$10,200
Property running costs:(Tax, insurance and management costs)
$2,220
Net annual rental income:
$7,980
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
13%
Break even in
7.69 Years
This property is a House for sale.

Other Details:

Number of Bedrooms: 4
Number of Bathrooms: 1

Price: 61,900.00 USD

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Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 4, Number of Bathrooms: 1 Posted From: United States, Ohio, Cuyahoga

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 4, Number of Bathrooms: 1
Posted From: United States, Ohio, Cuyahoga