Three Bedroom House (ref. 41708582) - 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. 41708582)
Date & Time Listed: 2025-01-20 10:16:51 (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 lovely single family home is located on a nice street in Forest Hills close to the shores of Lake Erie and is less than 1 mile and a short walk from Glenville High School, one of the best schools in Cleveland. There are three bedrooms, 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 newq 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. 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 2 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
$79,900
Gross annual rental income:
$20,400
Property running costs:(Tax, insurance and management costs)
$3,294
Net annual rental income:
$17,106
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
21%
Break even in
4.76 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