Four bedroom house, City of Cleveland, USA
City of Cleveland, Cuyahoga County, Ohio, USA
Property ID: 31884629
Summary Data
| Price | £33,884 |
| Price Type | |
| Bedrooms | 4 - Bed |
| Bathrooms | 2 - Bath |
| Plot Size | |
| Building Size |
| Sector | Residential |
| Type | Houses |
| Subtype | Townhouse |
| Tenure | |
| Completion | |
| Parking |
Location Map
Property Description
This large four bedroom house is located on a nice street in the sought after area of Glenville, just five minutes from Glenville High School and is only a short distance from the Lakefront. The property is currently undergoing a refurbishment and there are new tenants moving into the property in two weeks time. This property has four large bedrooms, two bathrooms and comes on a huge 0.28 Acres plot .This property is managed by a great local Cleveland management company.
Glenville is seen as a very strong investment area in Cleveland, it is close to the Waterloo District, Euclid, Bratenahl and the I90 (highway) Lakeshore is appealing for bus lines, bike trails, and allows access to the beach parks in the neighborhoods on the Northside. It is also just 5 miles from Downtown and 3 miles from the University Circle.
Investment Details
Purchase price: $39,900
Gross annual rental income: $9,600
Property running costs: $2,335
(Tax, insurance and management costs)
Net annual rental income: $7,265
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 19%