Two Bedroom House (ref. 41702519) - Houses for Sale, Real Estate - Number of Bedrooms: 2, Number of Bathrooms: 1 - Cuyahoga, Ohio, United States

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Two Bedroom House (ref. 41702519)
Date & Time Listed: 2024-04-01 13:39:42 (GMT)

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 2, Number of Bathrooms: 1
Posted From: United States, Ohio, Cuyahoga

Ad Details:

This very nice large two bedroom single family home is located on a nice street in Forest Hills
close to the shores of Lake Erie and just 1 mile from Glenville High School, one of the best
schools in Cleveland.
The property has 2 bedrooms, one bathroom, a full basement and a large rear garden. The
property has just been refurbished and made rental ready to a Section 8 standard. The
management company will place brand new tenants when the new owner closes on the
property. The current market rate with Section 8 is $1,000 – $1,250 each month.
Forest Hills is seen as a very strong investment area in Cleveland, it is close to the Waterloo
District, Euclid, Bratenahl and the I90 (highway) Lakeshore is appealing for bus lines and bike
trails. The house is less than 2 miles to Forest Hills Park, a historic urban park that was a portion
of John D. Rockefeller’s estate. The 248-acre (1.00 km2) park has six baseball diamonds (four lit),
six lit tennis courts and three walking trails that have retained the natural green space.
Investment Calculations
Purchase price
$59,900
Gross annual rental income:
$15,000
Property running costs:(Tax, insurance and management costs)
$2,402
Net annual rental income:
$12,598
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: 2
Number of Bathrooms: 1

Price: 59,900.00 USD

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Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 2, Number of Bathrooms: 1 Posted From: United States, Ohio, Cuyahoga

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 2, Number of Bathrooms: 1
Posted From: United States, Ohio, Cuyahoga