Four bedroom house, City of Cleveland, USA

This great four bedroom house is located on a nice street in Stockyards on the Westside of
Cleveland, the house is only 1.6 miles from Cleveland Metroparks Zoo and food court which is
a lovely family area of Cleveland.
The property has four bedrooms, two bathrooms, a large lounge dinner, a full basement and a
rear garden. There are also long term tenants in place paying $800 rent a month. Large four
bedroom homes in this location can reach up to $1,200 so should the tenant leave the rent
could be increased. The property is under management by a local Cleveland property
management company.

Stockyards is located on the Westside and viewed as a very central location in Cleveland
Ohio, it is just 5.7 miles from Downtown Cleveland and only 1.5 miles from Detroit Shoreway
which is one of the best areas in Cleveland. The property is also only just 1.6 miles from the
Metro Health centres main campus. A $946 million transformation plan of an 11-story 264-bed
hospital on its main campus on West 25th Street in Cleveland. A huge project that is
transforming the area.

Investment Calculation

Purchase price: 54,900

Gross annual rental income: $9,600

Property running costs: $2,457
(Tax, insurance and management costs)

Net annual rental income: $7,143

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

Return on investment: 13%