Fourbedroom House (ref. 41699992) - Houses for Sale, Real Estate - Number of Bedrooms: 4, Number of Bathrooms: 2 - Cuyahoga, Ohio, United States

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Fourbedroom House (ref. 41699992)
Date & Time Listed: 2024-03-04 20:58:26 (GMT)

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 4, Number of Bathrooms: 2
Posted From: United States, Ohio, Cuyahoga

Ad Details:

This large four bedroom single family home is located on a very nice street in Kinsman, right
next to the Woodland Homes district. The house is just 1.7 miles from the entrance to the
world famous Cleveland Clinic..
The property has four bedrooms, two bathrooms, a full basement and a large rear garden.
The property has tenants in place paying $750 in rent each month. The current market rent
reaches up $1,200 in rent each month. The house is under management with a great local
Cleveland property management company.
Kinsman is viewed as a very central location in Cleveland Ohio, it is just 4 miles from
Downtown Cleveland, just 2 miles from the University Circle & only 2miles from Shaker
square. There are many new built homes being built in this area, increasing the value or
surrounding properties with a good potential for capital appreciation. New builds are selling
for over $300,000.
Investment Calculations
Purchase price
$49,900
Gross annual rental income:
$9,000
Property running costs:(Tax, insurance and management costs)
$1,880
Net annual rental income:
$7,120
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: 4
Number of Bathrooms: 2

Price: 49,900.00 USD

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Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 4, Number of Bathrooms: 2 Posted From: United States, Ohio, Cuyahoga

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 4, Number of Bathrooms: 2
Posted From: United States, Ohio, Cuyahoga