Two Bedroom House (ref. 41709269) - Houses for Sale, Real Estate - Number of Bedrooms: 2, Number of Bathrooms: 1 - Cuyahoga, Ohio, United States

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Two Bedroom House (ref. 41709269)
Date & Time Listed: 2025-04-07 10:05:37 (GMT)

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 2, Number of Bathrooms: 1
Posted From: United States, Ohio, Cuyahoga

Ad Details:

This lovely single family home is located on a very nice street in South- Collinwood, the house is
situated in Nottingham which is the most sought after exclusive part of South Collinwood. Properties in
this area rarely come onto the rental market for investors and this house will sell within hours not days.
The property has two spacious bedrooms, one and a half bathrooms, a large lounge diner and a full
basement. The property has tenants in place paying $850 in rent each month. The current market rent
for this property in this location is closer to $1,250 each month. Included in the price is a Sellers Rental
Contribution of $4,800 which equates to $400 for 12 months which gives the new owner the current
market rent for the first year, This will be credited to the buyer on closing.
Nottingham in South Collinwood is seen as a very strong investment area in Cleveland, The property is
just 2.7 miles to The Waterloo Arts District, A funky, indie community, with lots of cool little galleries
and studios. The property is also only 2.3 miles from Euclid Creek Reservation, a beautiful nature trail
full of natural wildlife, picnic areas and stunning scenery. A great family area that is close to the city and
yet nature is all around you.
Investment Calculations
Purchase price
$81,900
Gross annual rental income:
$15,000
Property running costs:(Tax, insurance and management costs)
$3,400
Net annual rental income:
$11,600
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
14%
Break even in
7.14 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 2
Number of Bathrooms: 1

Price: 81,900.00 USD

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Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 2, Number of Bathrooms: 1 Posted From: United States, Ohio, Cuyahoga

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 2, Number of Bathrooms: 1
Posted From: United States, Ohio, Cuyahoga