Three Bedroom House (ref. 41695920) - 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. 41695920)
Date & Time Listed: 2024-03-04 20:53:34 (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 nice three bedroom house is in a great location in Lee Miles. The property is
only a four minutes to John F Kennedy High School, which is one of the best high
schools in Cleveland, it is also only 1 mile to the the Lee Harvard Plaza.
There are three spacious bedrooms, a full basement and a large garden. There
are also long term tenants that have resided in the property since 2002 paying
$1,100 in rent each month.
The property is under management by a local Cleveland property management
company
Lee Miles is a very well kept busy area in the City of Cleveland, just one mile away
you will find the Lee Harvard Plaza which contains many of leading fast food
chains. This area is surrounded by some of the very best neighbourhoods in
Cleveland including Shaker Heights and Maple Heights.
Investment Calculations
Purchase price
$77,900
Gross annual rental income:
$13,200
Property running costs:(Tax, insurance and management costs)
$2,762
Net annual rental income:
$10,438
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
14%
Break even in
7.14 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 3
Number of Bathrooms: 1

Price: 77,900.00 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