Two Bedroom House (ref. 41699949) - Houses for Sale, Real Estate - Number of Bedrooms: 2, Number of Bathrooms: 2 - Cuyahoga, Ohio, United States

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Two Bedroom House (ref. 41699949)
Date & Time Listed: 2024-03-04 20:58:25 (GMT)

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

Ad Details:

This fantastic two bedroom single family home is located on a very nice street in the sought
after area of South-Collinwood, it is just five minutes from the Lakeshore and only 1.6 miles to
Collingwood High School, one of the best schools in Cleveland.
The property has two spacious bedrooms, two bathrooms, a large lounge diner and a full
basement. The property has tenants in place paying $850 in rent each month. The current
market rent for this property in this location can reach up to $1,000 each month. The house is
under management with a great local Cleveland property management company.
South-Collinwood is seen as a very strong investment area in Cleveland, this area is surrounded
by some great neighbourhoods like University Heights, Glenville, Richmond Heights and Euclid,
The property is just 1 mile to Collinwood High School one of the best schools in Cleveland. This
is one of our most demanded areas by investors
Investment Calculations
Purchase price
$51,900
Gross annual rental income:
$10,200
Property running costs:(Tax, insurance and management costs)
$2,420
Net annual rental income:
$7,780
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: 2
Number of Bathrooms: 2

Price: 51,900.00 USD

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

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