Three Bedroom House (ref. 41705238) - 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. 41705238)
Date & Time Listed: 2024-07-11 10:26:53 (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 fantastic lovely three bedroom single family home is located in the Waterloo Art District in
North Collinwood, right next to the Lakefront and close to the new Amazon facility. The
Waterloo District is known as a bustling area with art studios, entertainment, restaurants, bars
and retail, it is the place to go out on the Eastside of Cleveland.
There are three bedrooms, one bathroom, 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 $1,250 – $1,500 in rent each month.
The Waterloo Arts District is a funky, indie community, with lots of cool little galleries and
studios. You can hear live music at one of the best venues in the country or browse an awesome
indie music store. The coffee shops roasts all their own beans, and there are plenty of great
places to eat within a five-minute drive.Just ten minutes to downtown Cleveland, the Lakefront
is also just five minutes away.
Investment Calculations
Purchase price
$89,900
Gross annual rental income:
$18,000
Property running costs:(Tax, insurance and management costs)
$3,766
Net annual rental income:
$14,234
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
16%
Break even in
6.25 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 3
Number of Bathrooms: 1

Price: 89,900.00 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