Property for sale in City of Cleveland - 41696374 - Advertised on propertyO by Global Investments Incorporated

House for sale

£66,155

Ohio, Cuyahoga County, City of Cleveland, USA Property ID: 41696374


Property description

This fantastic three bedroom single family home is located on a nice street in
Corlett and is just 1.4 miles to John Adams College, one of the leading schools in
Cleveland.
The property has three spacious bedrooms, one bathroom, a large lounge diner,
spacious kitchen and a full basement. The house is in a very nice street and has a
nice rear garden. The house also has a tenant in place paying $1,300 in rent each
month.
The house is under management with a great local Cleveland property
management company.

Corlett is viewed as a very central location in Cleveland Ohio, it is just 9 miles from
Downtown and 6 miles from University Circle. Also just 1.8 mile away you have
Lee Harvard shopping centre. The property is also just 1.4 miles to John Adams
College, one of the best schools in Cleveland..

Investment Calculations
Purchase price
$77,900
Gross annual rental income:
$15,600
Property running costs:(Tax, insurance and management costs)
$3,036
Net annual rental income:
$12,564
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

16%

Break even in

6.25 Years.

Contact Global Investments Incorporated about this property

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