Four bedroom house, City of Cleveland, USA
City of Cleveland, Cuyahoga County, Ohio, USA
Property ID: 41607305
Summary Data
Price | £63,607 |
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 large Four bedroom house is located on a nice street in the sought after area
of Glenville, just five minutes from Glenville High School which is one of the best
schools in Cleveland.
The property has four large bedrooms, 1 bathroom and a full basement. The
property has just being completely updated inside to a great rental ready
standard. The management company will place brand new tenants when the new
owner closes on the property paying between $950 – $1,050 in rent each month.
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
neighbourhoods on the Northside. The house is walking distance to the University
Circle,1.9 miles to the Cleveland Clinic & 1 mille to the Cleveland Museum of
Natural History. Ashbury Avenue is less than 0.3 miles from the house and you will
buy a house on that street for 180k upwards.
Investment Calculation
Purchase price: 74,900
Gross annual rental income: $12,600
Property running costs: $2,310
(Tax, insurance and management costs)
Net annual rental income: $10,290
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 14%
Break even in 7.14 YearsProperty Features
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Outside Space: