Six Bedroom Home (ref. 41699019) - Houses for Sale, Real Estate - Number of Bedrooms: 6, Number of Bathrooms: 2 - Cuyahoga, Ohio, United States

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Six Bedroom Home (ref. 41699019)
Date & Time Listed: 2024-03-04 20:56:44 (GMT)

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 6, Number of Bathrooms: 2
Posted From: United States, Ohio, Cuyahoga

Ad Details:

This large multi-family home is located in the sought after area of Glenville, just four
minutes from Glenville High School which is one of the best schools in Cleveland..
The property is divided into two large apartments. You have a large three bedroom
apartment downstairs and a large three bedroom apartment upstairs. The property also
has tenants in place in both apartments paying $650 in rent each month. The market
rent is closer to $850 in rent each month.
Glenville is seen as a very strong investment area in Cleveland, it is close to the
Waterloo District, Euclid, Bratenahl and the I90 (highway). The property is also very well
positioned directly opposite the Cleveland Lakefront Nature Preserve. The house is also
within Greater Circle Living (GCL) which is a part of the larger Greater University Circle
Initiative, comprehensive community-building and development strategy for rental and
purchase housing options in Greater University Circle neighbourhood’s.
Investment Calculations
Purchase price
$77,900
Gross annual rental income:
$15,600
Property running costs:(Tax, insurance and management costs)
$2,887
Net annual rental income:
$12,713
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
17%
Break even in
5.8 Years.

Other Details:

Number of Bedrooms: 6
Number of Bathrooms: 2

Price: 77,900.00 USD

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Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 6, Number of Bathrooms: 2 Posted From: United States, Ohio, Cuyahoga

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 6, Number of Bathrooms: 2
Posted From: United States, Ohio, Cuyahoga