Three bedroom house, City of Cleveland, USA
City of Cleveland, Cuyahoga County, Ohio, USA
Property ID: 32684520
Summary Data
| Price | £25,392 |
| 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 colonial house is located on a nice street in Forest Hills, the property is located just 1.3 miles from Glenville High School which is one of the best high schools in Cleveland. There are three large bedrooms, a full basement, detached garage and a large rear garden. This property comes tenant occupied, the tenants have been in the property for over five years now and are paying $575 rent a month . This property is under management by one of the leading Cleveland property management companies and offers incredible value for money for a tenanted property in Cleveland.
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
Investment Details
Purchase price: 29,900
Gross annual rental income: $6,900
Property running costs: $2,058
(Tax, insurance and management costs)
Net annual rental income: $4,842
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 17%