Four bedroom house, City of Cleveland, USA
City of Cleveland, Cuyahoga County, Ohio, USA
Property ID: 41611700
Summary Data
Price | £48,321 |
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 family home is located on a nice street in South Broadway
which is just 4.5 miles from Downtown Cleveland. This property is also in the heart of
Broadway Slavic Village just two minutes walk from Slavic Village, one of the most
demanded areas in Cleveland due to the new build homes increasing in the area.
The property has four bedrooms, one bathroom, a nice lounge diner and a full basement.
The house has recently been vacated and is now rental ready.
The management company will place brand new tenants when the new owner closes on
the property paying $1,000 – $1,100 in rent each month.
South Broadway is viewed as a very central location in Cleveland Ohio, it is just 4.5 miles
miles from Downtown and 5.3 miles from University Circle. The property is also in the heart
of Broadway Slavic Village. Slavic Village is going through large development projects.
This is one of the most up and coming areas in the City and in huge demand by investors.
Investment Calculation
Purchase price: 56,900
Gross annual rental income: $13,200
Property running costs: $2,256
(Tax, insurance and management costs)
Net annual rental income: $10,944
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 20%
Break even in 5 Years