Two bedroom house, City of Cleveland, USA

This two bedroom property is not about the return, it is about purchasing a
renovated house in a A + Area where properties can sell for over 1.5 million.
Mentor On The Lake is a highly sought after area and has been voted one of the
best areas to live in the whole County. This particular property is just two minutes
from the Lake Park Pavillion, 8008 Linden Street has just sold for $249,900.
The refurbishment on this property is excellent and the management company
already have a tenant ready to move in paying $1,200 a month, this is a unique
opportunity to purchase prime real estate in Cleveland at a very good price.

Mentor On The Lake is located in the Northeast corner of Ohio along the shores of
Lake Erie. Mentor-on-the-Lake is a wonderful place to live and raise a family and is
incredibly popular with tourists, you will find hotels such as the the Marriott, The
Hampton, Best Westin and plenty of bars and restaurants.

Investment Calculation

Purchase price: 135,000

Gross annual rental income: $14,400

Property running costs: $3,600
(Tax, insurance and management costs)

Net annual rental income: $10,800

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

Return on investment: 8%