Three Bedroom House (ref. 41708469) - 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. 41708469)
Date & Time Listed: 2025-01-13 10:07:35 (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 the sought after area of Glenville, just a
short walk to Glenville High School which is one of the best schools in Cleveland
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 start 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 based on current Section 8 rates,
Glenville is seen as a very strong investment area in Cleveland, it is close to the Waterloo District, Euclid,
Bratenahl and the I90 (highway). The property is also very well positioned directly opposite the
Cleveland Lakefront Nature Preserve. The house is also within Greater Circle Living (GCL) which is a part
of the larger Greater University Circle Initiative, comprehensive community-building and development
strategy for rental and purchase housing options in Greater University Circle neighbourhood’s.
Investment Calculations
Purchase price
$79,900
Gross annual rental income:
$17,400
Property running costs:(Tax, insurance and management costs)
$3,233
Net annual rental income:
$14,167
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