Three Bedroom House (ref. 41708114) - 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. 41708114)
Date & Time Listed: 2024-12-05 10:07:20 (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 fantastic large three bedroom house is located on a nice street in Union – Miles Park which is a
great neighbourhood in Cleveland, this area is close to Mount Pleasant and Slavic Village. It is also
just a few minutes from John Adams College And Career Academy, which is one of the best schools
in Cleveland.
The property has three large bedrooms, a Large lounge diner, a full basement and a large rear
garden with a detached garage. The property has just been refurbished and made rent ready to a
Section 8 standard. Once the new owner closes on the property the management company will
place brand new tenants, the house should achieve $1,250 – $1,700 in rent each month based on
current Section 8 market rates.
Union – Miles Park is viewed as a very central location in Cleveland Ohio, it is just 6 miles from
Downtown and 5 miles from University Circle. University Circle has the highest concentration of
cultural attractions and performing arts venues in the whole of the US. The house is also just a short
walk to John Adams College And Career Academy, which is one of the best schools in Cleveland.
Investment Calculations
Purchase price
$77,900
Gross annual rental income:
$20,400
Property running costs:(Tax, insurance and management costs)
$3,438
Net annual rental income:
$16,962
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
22%
Break even in
4.54 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 3
Number of Bathrooms: 1

Price: 77,900.00 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