Three Bedroom House (ref. 41705035) - 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. 41705035)
Date & Time Listed: 2024-07-11 10:26:46 (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 in South Broadway which is just 7 miles from
Downtown Cleveland. The house is in Newburgh Heights and sits right next to Washington Park Golf
Course.
The property has three bedrooms, one bathroom, a full basement and a large rear garden. The
property has tenants in place paying $700 in rent each month. Three bedroom detached single
family homes in this area can make $1,200 – $1,450 in rent each month with Section 8 housing. The
house is under management with a great local Cleveland property management company.
The house is less than a mile to the centre of Slavic Village which is going through large development
projects. This is one of the most up and coming areas in the City and in huge demand by investors
due to new build properties increasing the value of the properties in the surrounding areas. The
house is particularly well located sitting right next to Washington Golf course. Washington Golf
Course is the highlight of Cleveland Metropark’s Washington Reservation Newburgh Heights and
Cleveland. A beautiful 9-hole, par 29 golf course and 26-station driving range.
Investment Calculations
Purchase price
$53,900
Gross annual rental income:
$8,400
Property running costs:(Tax, insurance and management costs)
$2,614
Net annual rental income:
$5,786
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
11%
Break even in
9.09 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 3
Number of Bathrooms: 1

Price: 53,900.00 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