Two Bedroom House (ref. 41699782) - Houses for Sale, Real Estate - Number of Bedrooms: 2, Number of Bathrooms: 1 - Cuyahoga, Ohio, United States

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Two Bedroom House (ref. 41699782)
Date & Time Listed: 2024-03-04 20:58:24 (GMT)

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 2, Number of Bathrooms: 1
Posted From: United States, Ohio, Cuyahoga

Ad Details:

This fantastic two bedroom single family home is located on a nice street in St.Clair-Superior which is
just 2.7 miles to Downtown Cleveland. Properties close to the City rarely come onto the market at
the right price as there is huge potential for future capital appreciation.
The property has two bedrooms, one bathroom, a full basement and a large rear garden. The
property was recently updated property and has tenants in place paying $900 in rent each month.
The house is under management with a great local Cleveland property management company.
St.Clair-Superior is an extremely well located suburb which is just 2.7 miles East of the centre of
downtown. The property is very close to Burke Lakefront Airport just to the North. Due to the
proximity of the City and every amenity possible this area is very highly demanded for rentals.
Investment Calculations
Purchase price
$48,900
Gross annual rental income:
$10,800
Property running costs:(Tax, insurance and management costs)
$2,431
Net annual rental income:
$8,369
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
18%
Break even in
5.5 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 2
Number of Bathrooms: 1

Price: 48,900.00 USD

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Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 2, Number of Bathrooms: 1 Posted From: United States, Ohio, Cuyahoga

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 2, Number of Bathrooms: 1
Posted From: United States, Ohio, Cuyahoga