Two Bedroom House (ref. 41709325) - 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. 41709325)
Date & Time Listed: 2025-04-14 10:11:18 (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 fantastic two bedroom single family home is located in Euclid right next to North Collinwood, just a
short distance from the Lakefront. The house is less than 2 miles to Euclid High School and also only 1
mile and 5 minutes from the new $175M, 650,000-square-foot Amazon fulfilment centre in Euclid.
There are two 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 $1,100 – $1,500 in rent each
month based on current Section 8 housing rates.
Euclid is seen as a very strong investment area in Cleveland, this area is surrounded by some great
neighbourhoods like North and South Collinwood. Literally minutes of driving to Downtown and
University Circle, great shopping, Lake Erie shore nearby with well-maintained parks, restaurants &
entertainment. The areas is highly demanded for renters especially close to the Amazon fulfilment centre
Investment Calculations
Purchase price
$81,900
Gross annual rental income:
$18,000
Property running costs:(Tax, insurance and management costs)
$3,862
Net annual rental income:
$14,138
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
17%
Break even in
5.8 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