Three Bedroom House (ref. 41699417) - 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. 41699417)
Date & Time Listed: 2024-03-04 20:58:19 (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 three bedroom single family home is located in South Broadway which is just 7
miles from Downtown Cleveland. The house is also boardering on Shaker Heights and is
just 1.2 miles from the famous Shaker Heights High School. Shaker Heights is one of the
most demanded and prestigious areas in Cleveland
The property has three bedrooms, one bathroom, a full basement and a large rear
garden. The property has tenants in place paying $1,200 in rent each month. The house
is under management with a great local Cleveland property management company.
South Broadway is just 2 miles South of Slavic Village which is going through large
development projects. This is one of the most up and coming areas in the City and in
huge demand by investors due to new build properties increasing the value of the
properties in the surrounding areas. The house is also just bordering on the famous
Shaker Heights, one of the most desirable areas in Cleveland. The house is just 1.2
miles from Shaker Heights High School.
Investment Calculations
Purchase price
$74,900
Gross annual rental income:
$14,400
Property running costs:(Tax, insurance and management costs)
$3,724
Net annual rental income:
$10,679
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: 3
Number of Bathrooms: 1

Price: 74,900.00 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