Three bedroom house, City of Cleveland, USA
City of Cleveland, Cuyahoga County, Ohio, USA
Property ID: 41647731
Summary Data
| Price | £48,321 |
| Price Type | |
| Bedrooms | Studio |
| Bathrooms | 2 - Bath |
| Plot Size | |
| Building Size |
| Sector | Residential |
| Type | Houses |
| Subtype | Townhouse |
| Tenure | |
| Completion | |
| Parking |
Location Map
Property Description
This single family house is located in Buckeye Shaker and is only four
minutes and within walking distance from the centre of the famous Shaker
Square. Shaker Square is one of the biggest attractions in Cleveland and
is full of restaurants, bars, boutiques and even has a cinema.
The property is in a good condition and comes with three large bedrooms,
a full basement and a very large garden.The property has a tenant in
place paying $985 in rent each month. This property is under
management by a great local company.
Buckeye Shaker is seen as a very strong investment area in Cleveland,
less than 1 mile away you have the famous Shaker Square. The house is
also just a short walk to Larchmere Blvd which is host to a multitude of
many quality cafe’s, restaurants, beauty salons, fashion shops and many
small businesses. This house is extremely well located.
Investment Calculation
Purchase price: 56,900
Gross annual rental income: $11,820
Property running costs: $2,233
(Tax, insurance and management costs)
Net annual rental income: $9,587
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 17%
Break even in 5.8 Years