Three Bedroom House (ref. 41708865) - 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. 41708865)
Date & Time Listed: 2025-02-10 10:10:01 (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, The house
is walking distance to Glenville High School which is one of the best schools in Cleveland
The property has three bedrooms, one bathroom, a full basement and a large rear garden. The house is in
good condition however is currently being updated and in the final stages of being refurbished and rent
ready to a Section 8 standard. The refurbishment will be completed before the new owner closes on the
property. After closing 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. There is also 70% finance
available for non US residents, terms and conditions apply.
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
$99,900
Gross annual rental income:
$20,400
Property running costs:(Tax, insurance and management costs)
$10.740
Net annual rental income:
$9,660
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
27%
Break even in
3.7 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 3
Number of Bathrooms: 1

Price: 99,900.00 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