Three Bedroom House (ref. 41708179) - 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. 41708179)
Date & Time Listed: 2024-12-12 10:07:54 (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 great single family home is located on a nice street in Corlett and is less than a mile and
two minutes from John Adams College, one of the leading schools in Cleveland.
There are three bedrooms, a full basement and a large garden with a detached 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 – $1,700 in rent each month.
Corlett is viewed as a very central location in Cleveland Ohio, it is just 7 miles from
Downtown and 5 miles from University Circle. Also less than 2 miles away you have Lee
Harvard shopping centre. The property is also just walking distance to John Adams College,
one of the best schools in Cleveland.
Investment Calculations
Purchase price
$77,900
Gross annual rental income:
$17,400
Property running costs:(Tax, insurance and management costs)
$3,242
Net annual rental income:
$14,158
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: 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