Three Bedroom House (ref. 41700363) - 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. 41700363)
Date & Time Listed: 2024-03-04 20:58:28 (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 lovely three bedroom single family home is located in South Broadway which is
just 6 miles from Downtown Cleveland. This property is also in the heart of Broadway
Slavic Village just 1.4 Miles from the centre of Slavic Village, one of the most demanded
areas in Cleveland due to the new build homes increasing in the area.
The property has three bedrooms, one and a half bathrooms, a full basement and a
large rear garden. The property has tenants in place paying $1,000 in rent each month.
The tenants are Section 8 housing so the rent is paid direct to the landlord by the City
of Cleveland. The house is under management with a great local Cleveland property
management company.
This house in South Broadway is just 1.4 miles to the centre 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.
Investment Calculations
Purchase price
$64,900
Gross annual rental income:
$12,000
Property running costs:(Tax, insurance and management costs)
$2,735
Net annual rental income:
$9,265
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: 64,900.00 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