Four Bedroom House (ref. 41699543) - 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. 41699543)
Date & Time Listed: 2024-03-04 20:58:21 (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 four bedroom single family home is located in South Broadway which is just 6 miles from
Downtown Cleveland. The house is also bordering on Garfield Heights and is just 2.6 miles from
the famous Garfield Heights High School. Garfield Heights is one of the most demanded and
prestigious areas in Cleveland
The property has four bedrooms, one and a half bathrooms, a full basement and a large rear
garden with a detached double garage. The property has tenants in place paying $850 in rent
each month. The current market rent is closer to $1,200 – $1,300 in rent each month. The
house is under management with a great local Cleveland property management company.
South Broadway is just 1 mile 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 Garfield Heights, one of the most
desirable areas in Cleveland. The house is just 2.6 miles from Garfield Heights High School.
Investment Calculations
Purchase price
$53,900
Gross annual rental income:
$10,200
Property running costs:(Tax, insurance and management costs)
$2,789
Net annual rental income:
$7,411
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
14%
Break even in
7.14 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 4
Number of Bathrooms: 1

Price: 53,900.00 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