Four Bedroom House (ref. 41705675) - Houses for Sale, Real Estate - Number of Bedrooms: 4, Number of Bathrooms: 1 - Cuyahoga, Ohio, United States

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Four Bedroom House (ref. 41705675)
Date & Time Listed: 2024-07-29 10:13:39 (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 large four bedroom single family home is located in the sought after area of Glenville, just
four minutes from Glenville High School which is one of the best schools in Cleveland..
The property has four bedrooms, one bathroom, a full basement and a large rear garden. The
property has tenants in place paying $1,000 in rent each month. The current market rent can
reach up up $1,500 each month with Section 8 housing. The house is under management with a
great local Cleveland property management company.
Glenville is seen as a very strong investment area in Cleveland, it is close to the Waterloo District,
Euclid, Bratenahl and the I90 (highway). The property is also very well positioned directly
opposite the Cleveland Lakefront Nature Preserve. The house is also within Greater Circle Living
(GCL) which is a part of the larger Greater University Circle Initiative, comprehensive communitybuilding and development strategy for rental and purchase housing options in Greater University
Circle neighbourhood’s.
Investment Calculations
Purchase price
$69,900
Gross annual rental income:
$12,000
Property running costs:(Tax, insurance and management costs)
$2,367
Net annual rental income:
$9,633
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
14%
Break even in
7.14 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 4
Number of Bathrooms: 1

Price: 69,900.00 USD

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

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