Four Bedroom House (ref. 41707484) - 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. 41707484)
Date & Time Listed: 2024-11-07 10:09:24 (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 on a nice street in Forest Hills close to the
shores of Lake Erie and is only a four minute drive from Glenville High School, one of the best
schools in Cleveland.
The property has 4 bedrooms, one bathroom, a full basement and a large rear garden with a
detached garage. The property has just been renovated and made rental ready to a Sectipon 8
standard. The management company will place brand new tenants when the new owner closes
on the property. The house should achieve $1,100 – $1,300 each month in rent based on current
Section 8 market rates.
Forest Hills is seen as a very strong investment area in Cleveland, it is close to the Waterloo
District, Euclid, Bratenahl and the I90 (highway) Lakeshore is appealing for bus lines and bike
trails. The house is just 2 miles to Forest Hills Park, a historic urban park that was a portion of
John D. Rockefeller’s estate. The 248-acre (1.00 km2) park has six baseball diamonds (four lit), six
lit tennis courts and three walking trails that have retained the natural green space.
Investment Calculations
Purchase price
$79,900
Gross annual rental income:
$15,600
Property running costs:(Tax, insurance and management costs)
$2,934
Net annual rental income:
$12,666
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: 4
Number of Bathrooms: 1

Price: 79,900.00 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