Four Bedroom House (ref. 41709990) - Houses for Sale, Real Estate - Number of Bedrooms: 4, Number of Bathrooms: 2 - Cuyahoga, Ohio, United States

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Four Bedroom House (ref. 41709990)
Date & Time Listed: 2025-06-23 11:14:20 (GMT)

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 4, Number of Bathrooms: 2
Posted From: United States, Ohio, Cuyahoga

Ad Details:

This lovely four bedroom single family home is located in South Broadway which is just 6 miles from Downtown
Cleveland. This property is also just 1.4 Miles from the centre of Slavic Village, one of the most demanded areas
in Cleveland due to the new build homes increasing in the area. This house is a recent build property.
The property has 4 spacious bedrooms, 2 and a half bathrooms, a large lounge diner, full basement, a a large
garden and an attached garage. The house will be renovated by Global Investments best contractors and will be
supplied rent ready to a Section 8 standard. The work will begin after the new owner closes on the property,
when complete the management company will place brand new vetted tenants. Large 4 bedroom single family
homes are in shortage and high demand with Section 8, The house should achieve $1,250 – $1,800 in rent each
month. This house when completed will have an ARV of around $120,000 giving the new owner approx $30,000
in instant equity.
South Broadway is just South of Slavic Village which 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. The house is just over 1 mile to the centre of Slavic village
and also just bordering on the famous Garfield Heights, one of the most desirable areas in Cleveland.
Investment Calculations
Purchase price
$91,900
Gross annual rental income:
$21,600
Property running costs:(Tax, insurance and management costs)
$4,453
Net annual rental income:
$17,147
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
19%
Break even in
5.26 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 4
Number of Bathrooms: 2

Price: 91,900.00 USD

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Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 4, Number of Bathrooms: 2 Posted From: United States, Ohio, Cuyahoga

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 4, Number of Bathrooms: 2
Posted From: United States, Ohio, Cuyahoga