Four Bedroom House (ref. 41703358) - Houses for Sale, Real Estate - Number of Bedrooms: 4, Number of Bathrooms: 2 - Cuyahoga, Ohio, United States

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Four Bedroom House (ref. 41703358)
Date & Time Listed: 2024-05-02 12:26:58 (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 in the Waterloo Art District in North Collinwood,
right next to the Lakefront and close to the new Amazon facility. The Waterloo District is known as a
bustling area with art studios, entertainment, restaurants, bars and retail, it is the place to go out on
the Eastside of Cleveland.
The property consists of four large bedrooms, two bathrooms a large lounge diner a full basement and
a large rear garden. The property also has tenants in place paying $1,100 in rent each month. The
current market rent for this property with Section 8 housing is $1,450 – $1,600
The house is under management with a great local Cleveland property management company. The
property has a potential 70% finance available, terms and conditions apply.
The Waterloo Arts District is a funky, indie community, with lots of cool little galleries and studios. You
can hear live music at one of the best venues in the country or browse an awesome indie music store.
The coffee shops roasts all their own beans, and there are plenty of great places to eat within a fiveminute drive.Just ten minutes to downtown Cleveland, the Lakefront is also just five minutes away.
Investment Calculations
Purchase price
$99,900
Gross annual rental income:
$13,200
Property running costs:(Tax, insurance and management costs)
$9,084
Net annual rental income:
$4,116
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
13%
Break even in
7.69 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 4
Number of Bathrooms: 2

Price: 99,900.00 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