Three Bedroom House (ref. 41709235) - 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. 41709235)
Date & Time Listed: 2025-04-03 10:07:56 (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 three bedroom single family home is located in Broadway/Slavic Village which is just 5
miles from Downtown Cleveland. This property is also less than one mile from the centre of
Slavic Village and right on the border of Newburgh Heights, a very affluent area of Cleveland.
The property has three bedrooms, one bathroom, and a full basement. The property has
tenants in place paying $1,250 in rent each month. The house is under management with a
great local Cleveland property management company. Included in the price is a Sellers Rental
Contribution of $6,600 which equates to $550 for 12 months which gives the new owner
$1,800 rent for the first year, This will be credited to the buyer on closing.
Broadway/Slavic Village is going through large development projects. This is one of the most
up and coming areas in the City and in huge demand by investors due to new build properties
increasing the value of the properties in the surrounding areas.
Investment Calculations
Purchase price
$84,900
Gross annual rental income:
$15,000
Property running costs:(Tax, insurance and management costs)
$3,600
Net annual rental income:
$11,400
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
13%
Break even in
7.69 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 3
Number of Bathrooms: 1

Price: 84,900.00 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