Three Bedroom House (ref. 41697960) - Houses for Sale, Real Estate - Number of Bedrooms: 3, Number of Bathrooms: 2 - Cuyahoga, Ohio, United States

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Three Bedroom House (ref. 41697960)
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: 2
Posted From: United States, Ohio, Cuyahoga

Ad Details:

This fantastic large three bedroom single family home is located in South Euclid right next to
Cleveland heights and University heights. South Euclid is a “B’ neighbourhood and one of the
friendliest neighbourhoods in Cleveland full of high value properties where many good college
students look to reside.
The property consists of three spacious bedrooms, two bathrooms, a large lounge diner, a full
basement, a large rear garden and a spacious detached garage. The property has Section 8
tenants in place paying $1,200 in rent each month. The market rent for large three bedroom
houses in South Euclid is closer to to $1,400 currently. The house is under management with a
great local Cleveland property management company.
South Euclid is seen as a very strong investment category “B” area in Cleveland, This area is
surrounded by some great neighbourhoods like University Heights and Cleveland Heights. The
property is a few minutes and just 1.8 miles from Notre Dame College. The University of Notre
Dame’s ranking in the 2020 edition of Best Colleges of National Universities was no.15 in the
whole of the US and attracts students from all over the Country.
Investment Calculations
Purchase price
$126,900
Gross annual rental income:
$14,400
Property running costs:(Tax, insurance and management costs)
$4,986
Net annual rental income:
$9,414
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
8%
Break even in
12.5 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 3
Number of Bathrooms: 2

Price: 126,900.00 USD

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Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 3, Number of Bathrooms: 2 Posted From: United States, Ohio, Cuyahoga

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 3, Number of Bathrooms: 2
Posted From: United States, Ohio, Cuyahoga