This three bedroom 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 1.8 miles from the entrance to the world famous Cleveland Clinic.. There are three spacious bedrooms, two bathrooms, a full basement and a large garden.. The property will be renovated by Global Investments best contractors and will be supplied rent ready to a Section 8 standard. When complete the management company will place brand new vetted tenants. The house should achieve $1,300 – $1,450 in rent each month. The house also comes with a 1 Month rental guarantee to give the new owner an immediate income when the works begin. Woodland Homes 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 $78,900 Gross annual rental income: $17,400 Property running costs:(Tax, insurance and management costs) $3,417 Net annual rental income: $13,983 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.
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