Two bedroom house

Full Description

This fantastic two bedroom house is in a great location in Lee Miles. The property
is only a short walk to John F Kennedy High School, which is one of the best high
schools in Cleveland, it is also only a 5 minute walk from the the Lee Harvard
Plaza.
There are two bedrooms, one and a half bathrooms, a full basement and a large
rear garden. There are tenants in place keeping the property in great condition
paying $875 rent each Month.
This property is under management by a great local Cleveland property
management company.

Lee Miles is a very well kept busy area in the City of Cleveland, less than a five
minute walk away you will find the Lee Harvard Plaza which contains many of
leading fast food chains. This area is surrounded by some of the very best
neighbourhoods in Cleveland including Shaker Heights and Maple Heights.

 

Investment Calculation

Purchase price: 58,900

Gross annual rental income: $10,500

Property running costs: $2,690
(Tax, insurance and management costs)

Net annual rental income: $7,810

Investment calculation - Net Income divided by Purchase price = NET ROI.

Return on investment: 14%

Break even in 7.14 Years

Key Information

Property ID: 41625055
Price: £43,377
Property Type: Townhouse
Categories:

  • Residential Property
  • House

This large two bedroom house is a rare find at $58,900..