Two Bedroom House (ref. 41703419) - 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. 41703419)
Date & Time Listed: 2024-05-06 11:49:28 (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 great two bedroom single family home is located on a nice street in Union – Miles Park
which is a great neighbourhood in Cleveland, this area is close to Mount Pleasant and Slavic
Village. It is also just 1.4 miles to John Adams College And Career Academy, which is one of
the best schools in Cleveland.
The property has two bedrooms, one bathroom, a full basement and a large rear garden
with a detached double garage. The property has Section 8 tenants in place paying $850 in
rent each month. The rent is paid direct to the owner via the City of Cleveland. The house is
under management with a great local Cleveland property management company..
Union – Miles Park is viewed as a very central location in Cleveland Ohio, it is just 7 miles
from Downtown and 4 miles from University Circle. University Circle has the highest
concentration of cultural attractions and performing arts venues in the whole of the US. The
house is also just a 1.4 miles to John Adams College And Career Academy, which is one of
the best schools in Cleveland.
Investment Calculations
Purchase price
$59,900
Gross annual rental income:
$10,200
Property running costs:(Tax, insurance and management costs)
$2,460
Net annual rental income:
$7,740
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: 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