Three Bedroom House (ref. 41696138) - 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. 41696138)
Date & Time Listed: 2024-03-04 20:53:36 (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 fantastic three bedroom house is located on a nice street in Garfield Heights
which is a great neighbourhood in Cleveland, this area is close to Lee Miles and
the property is just a few minutes and just 2 miles from Garfield Park reservation.
There are three large bedrooms, a full basement, a detached garage and a large
rear garden. The property is in a good condition and has a tenant in place paying
$1,000 in rent each month. The market rent its currently closer to $1,250 – $1,300
for this property 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.
Garfield Heights is viewed as a very central location in Cleveland Ohio, it is just 9
miles from Downtown and 6 miles from University Circle which has the highest
concentration of cultural attractions and performing arts venues in the whole of
the US. The property is also just 2.5 miles and 5 minutes from the centre of
Garfield Heights and only 2 miles to Garfield park reservation.
Investment Calculations
Purchase price
$74,900
Gross annual rental income:
$12,000
Property running costs:(Tax, insurance and management costs)
$3,400
Net annual rental income:
$8,600
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
12%
Break even in
8.3 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 3
Number of Bathrooms: 1

Price: 74,900.00 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