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Three Bedroom House (ref. 41704354)
Date & Time Listed: 2024-06-13 10:14:11 (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 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.

Other Details:

Number of Bedrooms: 3
Number of Bathrooms: 1

Price: 78,900.00 USD




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