Three bedroom house, City of Cleveland, USA
City of Cleveland, Cuyahoga County, Ohio, USA
Property ID: 32659616
Summary Data
| Price | £35,582 |
| Price Type | |
| Bedrooms | 3 - Bed |
| Bathrooms | 1 - Bath |
| Plot Size | |
| Building Size |
| Sector | Residential |
| Type | Houses |
| Subtype | Townhouse |
| Tenure | |
| Completion | |
| Parking |
Location Map
Property Description
This large three bedroom house is located on a nice street in Forest Hills close to the shores of Lake Erie, the house was only built in 1995. The property has just being recently refurbished and includes new carpets and paint, new doors, new hardwood flooring and a updated kitchen and bathroom. The management company have just screened a new tenant for placement, the tenant will be moving into the property in 12 days time. This property is managed by a great local Cleveland management company.
Forest Hills 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 7.9 miles from Downtown and 2.4 miles from the University Circle.
Investment Details
Purchase price: 41,900
Gross annual rental income: $9,600
Property running costs: $2,260
(Tax, insurance and management costs)
Net annual rental income: $7,340
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 18%