Three Bedroom House (ref. 41706544) - 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. 41706544)
Date & Time Listed: 2024-09-23 10:13:13 (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 very nice three bedroom single family home is located in Mount Pleasant and is right next to Shaker
Heights. The house is also just 2 miles from the famous Shaker Heights High School. Shaker Heights is
one of the most demanded and prestigious areas in 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. When the renovations are complete this house will have an
ARV of $105,000 – $125,000 giving the owner immediate equity in the property.
Mount Pleasant is seen as a very strong investment area in Cleveland, just 2.5 miles away you have
Shaker Square which is one of the biggest attractions in Cleveland. The house is also just bordering on
the famous Shaker Heights, one of the most desirable areas in Cleveland. The house is just 3 miles from
Shaker Heights High School.
Investment Calculations
Purchase price
$81,900
Gross annual rental income:
$18,000
Property running costs:(Tax, insurance and management costs)
$3,571
Net annual rental income:
$14,429
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: 3
Number of Bathrooms: 1

Price: 81,900.00 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