This lovely four bedroom single family home is located in Union – Miles Park which is a great neighbourhood in Cleveland, this area is close to Mount Pleasant and Slavic Village. It is also just a few minutes to John Adams College And Career Academy, which is one of the best schools in Cleveland. There are four 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. When complete the management company will place brand new vetted tenants. The house should achieve $1,250 – $1,800 in rent each month. Union – Miles Park is viewed as a very central location in Cleveland Ohio, it is just 6 miles from Downtown and 5 miles from University Circle. University Circle has the highest concentration of cultural attractions and performing arts venues in the whole of the US. The house is also just 1 mile to John. Adams College and Career Academy. Investment Calculations Purchase price $84,900 Gross annual rental income: $21,600 Property running costs:(Tax, insurance and management costs) $3,571 Net annual rental income: $18,029 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.
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