Three Bedroom House (ref. 41697136) - 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. 41697136)
Date & Time Listed: 2024-03-04 20:54:01 (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 large three bedroom single family home is located in the highly sought after area of
Woodhill Homes. The house is also just a short walk from the bustling Larchmere Blvd. This
area is undergoing a major redevelopment from modern state of the art condo blocks to newly
built homes, some of the best new restaurants in Cleveland have opened in this area. The main
reason for this is the location, this area is on the door step of the Cleveland Clinic and just a few
minutes away from Shaker Square, its also just a few miles from the University Circle, some
new houses in this area are selling for over $400,000.
The property is in a good condition and comes with three large bedrooms, one bathroom, a full
basement and a large garden. The property has long term, tenants in place paying $850 in rent
each month. The market rent for three bed single detached homes right now in this location
averages $1,250 The house is under management with a great local Cleveland property
management company.
Woodhill Homes is seen as a very strong investment area in Cleveland, this area is surrounded
by many of Cleveland biggest attractions, close by you have Shake Square, the University
Circle and the Cleveland Clinic, this property could not be better located for long term renting.
Investment Calculations
Purchase price
$61,900
Gross annual rental income:
$10,200
Property running costs:(Tax, insurance and management costs)
$2,139
Net annual rental income:
$8,061
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
13%
Break even in
7.69 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 3
Number of Bathrooms: 1

Price: 61,900.00 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