This fantastic four bedroom single family home is located on a nice street in Saint Clair-Superior just 3 miles from Downtown Cleveland. Saint Clair-Superior is close to the great lake, borderline lake properties offer lots of potential for future growth. The home has four bedrooms, two bathrooms, a large lounge dinera full basement and a nice garden with a lovely double garage. 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 – $1,600 in rent each month based on current Section 8 market rates. St.Clair-Superior is an extremely well located suburb which is just 3 miles East of the centre of downtown. The property is very close to Burke Lakefront Airport just to the North. Due to the proximity of the City and every amenity possible this area is very highly demanded for rentals. Investment Calculations Purchase price $79,900 Gross annual rental income: $19,200 Property running costs:(Tax, insurance and management costs) $3,120 Net annual rental income: $16,080 Investment calculation - Net Income divided by Purchase price = NET ROI. Return of investment 20% Break even in 5 Years. This property is a House for sale.
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