Three Bedroom House (ref. 41707499) - 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. 41707499)
Date & Time Listed: 2024-11-14 10:07:00 (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 three bedroom single family home is located in Forest Hills close to the shores of Lake Erie and
is just a short walk to Glenville High School, one of the best schools in Cleveland.
The property has three bedrooms, one bathroom, a full basement and a large rear garden with a
garage. The house has tenants in place paying $850 in rent each month. The seller has asked not to
disturb the tenants so interior picture will be supplied on inspection prior to contract. The current
market rent for this property in this location can reach up to $1,100 – $1,750 each month. Should
the tenant leave the rent could be increased.
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 1.5 miles to the Famous Shoreby Club and the neighbouring community
Bratenahl. Bratenahl is one of the most exclusive residential areas in Cleveland where properties
can sell in the Millions.
Investment Calculations
Purchase price
$59,900
Gross annual rental income:
$10,200
Property running costs:(Tax, insurance and management costs)
$2,283
Net annual rental income:
$7,917
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: 3
Number of Bathrooms: 1

Price: 59,900.00 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