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Four Bedroom House (ref. 41704750)
Date & Time Listed: 2024-07-01 10:16:03 (GMT)

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 4, Number of Bathrooms: 1
Posted From: United States, Ohio, Cuyahoga


Ad Details:

This fantastic large four bedroom single family home is located in Mount Pleasant and is only
five minutes from the famous Shaker Square. Shaker Square is one of the biggest attractions
in Cleveland and is full of restaurants, bars, boutiques and even has a cinema.
The property has four spacious bedrooms, one bathroom, a large lounge diner, a spacious
kitchen and a full basement. The house is in a very nice street and has a nice rear garden
with a detached garage. The house has just been refurbished and made rental ready. The
management company will place brand new vetted tenants when the new owner closes on
the property. Four bed detached single family homes are highly demanded by Section 8
housing and the current market rent is $1,250 – $1,500 in rent each month.
Mount Pleasant is seen as a very strong investment area in Cleveland, just 1.6 miles away
you have the famous Shaker Square which is one of the biggest attractions in Cleveland.
Shaker Square is full of restaurants, bars, boutiques and even has a cinema. This property is
also only 6 miles from Downtown and 4 miles from the University Circle.
Investment Calculations
Purchase price
$81,900
Gross annual rental income:
$18,000
Property running costs:(Tax, insurance and management costs)
$3,556
Net annual rental income:
$14,444
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: 4
Number of Bathrooms: 1

Price: 81,900.00 USD




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Related Links:
* Cuyahoga - Real Estate Classified Ads
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* Cuyahoga - Houses for Sale Classified Ads
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