Four bedroom house, City of Cleveland, USA
City of Cleveland, Cuyahoga County, Ohio, USA
Property ID: 41574297
Summary Data
| Price | £47,472 |
| Price Type | |
| Bedrooms | Studio |
| Bathrooms | 1 - Bath |
| Plot Size | |
| Building Size |
| Sector | Residential |
| Type | Houses |
| Subtype | Townhouse |
| Tenure | |
| Completion | |
| Parking |
Location Map
Property Description
This fantastic four bedroom house is located on a nice street in Stockyards on the Westside of Cleveland, the house is only half a mile and just two minutes from Thomas Jefferson Elementary, one of the best schools in Cleveland. The property has four large bedrooms a large living area and a bathroom. The house has a detached garage and a very nice large garden. The house is currently being updated inside to a good standard will be supplied rental ready. The management company will place brand new tenants paying between $900 – $1,000 in rent each month when the new owner closes on the property.
Stockyards is located on the Westside and viewed as a very central location in Cleveland Ohio, it is just 4.6 miles from Downtown Cleveland and only 1.7 miles from Detroit Shoreway which is one of the best areas in Cleveland. The property is also only just 1.7 miles from the Metro Health centres main campus. A $946 million transformation plan of an 11-story 264- bed hospital on its main campus on West 25th Street in Cleveland. A huge project that is transforming the area.
Investment Calculation
Purchase price: 55,900
Gross annual rental income: $12,000
Property running costs: $2,451
(Tax, insurance and management costs)
Net annual rental income: $9,549
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 18%
Break even in 5.5 Years