Four Bedroom House (ref. 41695869) - 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. 41695869)
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 fantastic four bedroom single family home is located on a nice street in St.ClairSuperior which is just 2 miles to Downtown Cleveland. Properties close to the City rarely
come onto the market at the right price as there is huge potential for future capital
appreciation.
The property has four spacious bedrooms, one and a half bathrooms, a large lounge diner,
spacious kitchen and a full basement. The house is in a very nice street and has a nice rear
garden. The property has Section 8 tenants in place paying $1,332 in rent each month. 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.
St.Clair-Superior is an extremely well located suburb which is just 2 miles East of the centre
of downtown. The property is very close to Burke Lakefront Airport just to the North. Due to
the proximity of the City and every amenity possible this area is very highly demanded for
rentals.
Investment Calculations
Purchase price
$74,900
Gross annual rental income:
$15,984
Property running costs:(Tax, insurance and management costs)
$2,662
Net annual rental income:
$13,322
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: 4
Number of Bathrooms: 1

Price: 74,900.00 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