Four bedroom house, City of Cleveland, USA
City of Cleveland, Cuyahoga County, Ohio, USA
Property ID: 39859619
Summary Data
| Price | £38,130 |
| Price Type | |
| Bedrooms | Studio |
| Bathrooms | 2 - Bath |
| Plot Size | |
| Building Size |
| Sector | Residential |
| Type | Houses |
| Subtype | Townhouse |
| Tenure | |
| Completion | |
| Parking |
Location Map
Property Description
This large single family home is located in a nice street in Union – Miles Park which is a great neighbourhood in Cleveland, this area is close to Mount Pleasant and Slavic Village. It is also just a few minutes from John Adams College And Career Academy, which is one of the best schools in Cleveland.
The property has 4 bedrooms, 1.5 bathrooms and approximately 1,440 sqft of floor space and was only just built in 1999. The property is now vacant and in a great rental ready condition. The management company will be placing brand new tenants when the new owner closes on the property paying $850 each in rent per Month. This property has the option of a cash tenant or Section 8 housing, the decision will be down to the new owner.
Union – Miles Park is viewed as a very central location in Cleveland Ohio, it is just 5 miles from Downtown and 3.6 miles from University Circle. University Circle has the highest concentration of cultural attractions and performing arts venues in the whole of the US.
Investment Details
Purchase price: 44,900
Gross annual rental income: $10,200
Property running costs: $2,460
(Tax, insurance and management costs)
Net annual rental income: $7,740
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 18%