Four bedroom house

Full 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

Key Information

Property ID: 41611700
Price: £41,904
Property Type: Townhouse
Categories:

  • Residential Property
  • House

This large four bedroom house is a rare find at $56,900..