Four Bedroom House (ref. 41695868) - 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. 41695868)
Date & Time Listed: 2024-03-04 20:53:34 (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 very nice four bedroom single family home is located in North Broadway which is
just 4 miles from Downtown Cleveland. This property is also just 1 mile from Slavic Village
one of the most demanded areas in Cleveland.
The property has four bedrooms, one bathroom, a full basement and a large rear garden.
There currently is a Section 8 tenant in place paying $650 in rent each month, the rent is
paid direct to the owner via the City of Cleveland. The current market rent for 4 bedroom
single family homes in this location reach up to $1,150 so should the tenant leave in the
future the rent could be increased.
The house is under management with a great local Cleveland property management
company.
North Broadway is viewed as a very central location in Cleveland Ohio, it is just 4 miles
miles from Downtown and 4.5 miles from University Circle. The property is also just 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
$39,900
Gross annual rental income:
$7,800
Property running costs:(Tax, insurance and management costs)
$2,054
Net annual rental income:
$5,744
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
15%
Break even in
6.6 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 4
Number of Bathrooms: 1

Price: 39,900.00 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