Three Bedroom House (ref. 41697959) - 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. 41697959)
Date & Time Listed: 2024-03-04 20:55:20 (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 single family home is located on a very nice street in the sought
after area of South-Collinwood, it is just five minutes from the Lakeshore and only 1 mile to
Collingwood High School, one of the best schools in Cleveland.
The property has three spacious bedrooms, one bathroom, a large lounge diner and a full
basement. The property has tenants in place paying $850 in rent each month. The current
market rent for this property in this location can reach up to $1,200 each month.
The house is under management with a great local Cleveland property management
company.
South-Collinwood is seen as a very strong investment area in Cleveland, this area is
surrounded by some great neighbourhoods like University Heights, Glenville, Richmond
Heights and Euclid, The property is just 1 mile to Collinwood High School one of the best
schools in Cleveland. This is one of our most demanded areas by investors
Investment Calculations
Purchase price
$49,900
Gross annual rental income:
$10,200
Property running costs:(Tax, insurance and management costs)
$2,341
Net annual rental income:
$7,859
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
16%
Break even in
6.3 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 3
Number of Bathrooms: 1

Price: 49,900.00 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