Three Bedroom House (ref. 41702115) - Houses for Sale, Real Estate - Number of Bedrooms: 3, Number of Bathrooms: 2 - Cuyahoga, Ohio, United States

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Three Bedroom House (ref. 41702115)
Date & Time Listed: 2024-03-18 14:22:36 (GMT)

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 3, Number of Bathrooms: 2
Posted From: United States, Ohio, Cuyahoga

Ad Details:

This fantastic large three bedroom, two bathroom single family home is located on a nice street
in Corlett and is less than a mile and walking distance to John Adams College, one of the leading
schools in Cleveland.
The property has three large bedrooms, two bathrooms, a full basement and a large rear garden.
The house is in great condition and has just been vacated. The house needs some cosmetic
repairs to be brought up to a Section 8 rental ready standard. The funds are included in the price
and the works will begin as soon as the new owner closes on the property. When complete the
management company will place a brand new tenant. The house should achieve $1,300 – $1,500
in rent each month based on current Section 8 rates.
Corlett is viewed as a very central location in Cleveland Ohio, it is just 8 miles from Downtown
and 5 miles from University Circle. Also less than 2 miles away you have Lee Harvard shopping
centre. The property is also just 3 minutes to John Adams College, one of the best schools in
Cleveland.
Investment Calculations
Purchase price
$71,900
Gross annual rental income:
$18,000
Property running costs:(Tax, insurance and management costs)
$3,293
Net annual rental income:
$14,707
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
21%
Break even in
4.76 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 3
Number of Bathrooms: 2

Price: 71,900.00 USD

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Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 3, Number of Bathrooms: 2 Posted From: United States, Ohio, Cuyahoga

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 3, Number of Bathrooms: 2
Posted From: United States, Ohio, Cuyahoga