Three Bedroom House (ref. 41703479) - 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. 41703479)
Date & Time Listed: 2024-05-09 13:46:52 (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 large single family home is located on a very nice street in Woodland Hills, right next to
the Woodland Homes district just on the boarder of Buckeye Shaker. The house is just 2
miles from the entrance to the world famous Cleveland Clinic..
The property has three large bedrooms, One bathroom, a large lounge diner, a full basement
and a large rear garden. The house has just been refurbished and made rental ready and
also has a new driveway. The management company will place brand new tenants when the
new owner closes on the property. The house should achieve $1,200 – $1,400 in rent each
month based on current Section 8 rates. The property is under management with a great
local Cleveland property management company.
Woodland Hills is viewed as a very central location in Cleveland Ohio, it is just 5 miles from
Downtown Cleveland, just 2 miles from the University Circle & only 1 mile from Shaker
square. There are many new built homes being built in this area, increasing the value or
surrounding properties with a good potential for capital appreciation. New builds are selling
for over $300,000.
Investment Calculations
Purchase price
$75,900
Gross annual rental income:
$16,800
Property running costs:(Tax, insurance and management costs)
$3,268
Net annual rental income:
$13,532
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
18%
Break even in
5.5 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 3
Number of Bathrooms: 1

Price: 75,900.00 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