Three Bedroom House (ref. 41696174) - 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. 41696174)
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 very nice three bedroom single family home is located on a nice street
in Corlett and is just a short walk to John Adams College, one of the leading
schools in Cleveland.
The property has three large bedrooms, a large lounge diner, a full
basement and a large rear garden, it has just been made rent ready to a
Section 8 standard.
Once the new owner closes on the property the management company will
place brand new tenants, the house should achieve $1,000 – $1,200 in rent
each month.
Corlett is viewed as a very central location in Cleveland Ohio, it is just 8
miles from Downtown and 5 miles from University Circle. Also just 2 miles
away you have Lee Harvard shopping centre. The property is also just a
short walk to John Adams College, one of the best schools in Cleveland.
Investment Calculations
Purchase price
$64,900
Gross annual rental income:
$14,400
Property running costs:(Tax, insurance and management costs)
$2,949
Net annual rental income:
$11,451
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: 3
Number of Bathrooms: 1

Price: 64,900.00 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