Four Bedroom House (ref. 41708993) - Houses for Sale, Real Estate - Number of Bedrooms: 4, Number of Bathrooms: 1 - Cuyahoga, Ohio, United States

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Four Bedroom House (ref. 41708993)
Date & Time Listed: 2025-02-27 10:11:30 (GMT)

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 4, Number of Bathrooms: 1
Posted From: United States, Ohio, Cuyahoga

Ad Details:

This fantastic three bedroom single family home is located in a very nice street in South
Collinwood, close to the shores of Lake Erie. South Collinwood is a very demanded area in
Cleveland due to its close proximity to the Waterloo Arts District.
There are three large 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.
South Collinwood is seen as a very strong investment area in Cleveland, The property is just 2
miles to The Waterloo Arts District, A funky, indie community, with lots of cool little galleries and
studios. You can hear live music at one of the best venues in the country or browse an awesome
indie music store. The coffee shops roasts all their own beans, and there are plenty of great places
to eat within a five-minute drive. just 15 minutes east of Downtown Cleveland.
Investment Calculations
Purchase price
$81,900
Gross annual rental income:
$20,400
Property running costs:(Tax, insurance and management costs)
$3,253
Net annual rental income:
$17,147
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: 4
Number of Bathrooms: 1

Price: 81,900.00 USD

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Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 4, Number of Bathrooms: 1 Posted From: United States, Ohio, Cuyahoga

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 4, Number of Bathrooms: 1
Posted From: United States, Ohio, Cuyahoga