Three Bedroom House (ref. 41700674) - 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. 41700674)
Date & Time Listed: 2024-03-04 20:58:32 (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 fantastic large brick built three bedroom single family home is located on a nice street in Maple
Heights which is a great neighbourhood in Cleveland, this area is close to Lee Miles, Garfield Heights
and is just 2 miles to Maple Heights high school.
The property has 3 bedrooms, one and a half bathrooms, a full basement and a large rear garden
with a detached garage. The roof on the house was only replaced 7 years ago and the gaarge roof 3
years ago. The furnace was also onloy just replaced. The house has tenants in place paying $1,203 in
rent each month. The tenants are Section 8/EDEN so the rent is paid direct to the landlord via the
City of Cleveland. The current market rent is closer to $1,350 – $1,450 each month. The house is
under management with a great local Cleveland property management company.
The property is just 2 miles to Maple Heights high school. The high school is very well known and
respected in the area. A new 5,000 capacity stadium with artificial turf and an all-weather track
opened in 2014, home of the Maple Heights Mustangs. The house is also just 1.5 miles to the very
first Amazon Fulfillment Centre in the Greater Cleveland region containing 2.7 million square feet.
Investment Calculations
Purchase price
$119,900
Gross annual rental income:
$14,436
Property running costs:(Tax, insurance and management costs)
$4,295
Net annual rental income:
$10,141
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
9%
Break even in
11,1 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 3
Number of Bathrooms: 1

Price: 119,900.00 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