Three Bedroom House (ref. 41708363) - 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. 41708363)
Date & Time Listed: 2025-01-06 10:09:34 (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 very nice three bedroom single family home is located in Mount Pleasant and is only 2.5 Miles from
the famous Shaker Square.
There are three bedrooms, one bathroom, a full basement and a large garden. The property will be
renovated by Global Investments best contractors and will be supplied rent ready to a Section 8 standard.
The works will begin after the new owner closes on the property. When complete the management
company will place brand new vetted tenants. The house should achieve $1,250 – $1,700 in rent each
month.
Mount Pleasant is seen as a very strong investment area in Cleveland, just 2.5 miles away you have the
famous Shaker Square which is one of the biggest attractions in Cleveland. Shaker Square is full of
restaurants, bars, boutiques and even has a cinema. This property is also only 7 miles from Downtown
and 4 miles from the University Circle.
Investment Calculations
Purchase price
$79,900
Gross annual rental income:
$17,400
Property running costs:(Tax, insurance and management costs)
$3,109
Net annual rental income:
$14,291
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: 79,900.00 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