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Three Bedroom House (ref. 41704407)
Date & Time Listed: 2024-06-17 10:14:37 (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 lovely three bedroom single family home is located 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 a few minutes to John Adams College And Career Academy, which is one of the best
schools in Cleveland.
There are three bedrooms, a full basement and a large garden with a detached garage. 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 $1,250 – $1,500 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.
Union – Miles Park is viewed as a very central location in Cleveland Ohio, it is just 6 miles from
Downtown and 5 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
1 mile to John. Adams College and Career Academy.
Investment Calculations
Purchase price
$77,900
Gross annual rental income:
$18,000
Property running costs:(Tax, insurance and management costs)
$3,097
Net annual rental income:
$14,903
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
19%
Break even in
5.26 Years
This property is a House for sale.

Other Details:

Number of Bedrooms: 3
Number of Bathrooms: 1

Price: 77,900.00 USD




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