Four Bedroom House (ref. 41698848) - Houses for Sale, Real Estate - Number of Bedrooms: 4, Number of Bathrooms: 1 - Cuyahoga, Ohio, United States

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Four Bedroom House (ref. 41698848)
Date & Time Listed: 2024-03-04 20:55:26 (GMT)

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 4, Number of Bathrooms: 1
Posted From: United States, Ohio, Cuyahoga

Ad Details:

This fantastic lovely two bedroom single family home is located in the Waterloo Art District in
North Collinwood, right next to the Lakefront and close to the new Amazon facility. The Waterloo
Arts District is known as a bustling area with art studios, entertainment, restaurants, bars and
retail, it is the place to go out on the Eastside of Cleveland.
There are four large bedrooms, one bathroom, a full basement, detached garage and a large
garden. The property has just received a $15,000 update to be made rental ready by Remax which
are arguably the best management campany in Cleveland. The management company will place
brand new tenants when the new owner closes on the property. The house should achieve $1,400
– $1,600 in rent each month. The tenants could be Section 8 housing.
The Waterloo Arts District is a funky, indie community, with lots of cool little galleries and studios.
You can hear live music at one of the best venues in the country or browse an awesome indie
music store. The coffee shops roasts all their own beans, and there are plenty of great places to
eat within a five-minute drive.Just ten minutes to downtown Cleveland, the Lakefront is also just
five minutes away.
Investment Calculations
Purchase price
$109,900
Gross annual rental income:
$19,200
Property running costs:(Tax, insurance and management costs)
$3,556
Net annual rental income:
$15,644
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
15%
Break even in
6.6 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 4
Number of Bathrooms: 1

Price: 109,900.00 USD

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Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 4, Number of Bathrooms: 1 Posted From: United States, Ohio, Cuyahoga

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 4, Number of Bathrooms: 1
Posted From: United States, Ohio, Cuyahoga