Property for sale in City of Cleveland - 41695300 - Advertised on propertyO by Global Investments Incorporated

House for sale

£59,361

Ohio, Cuyahoga County, City of Cleveland, USA Property ID: 41695300


Property description

This large four bedroom house is located on a nice street in the sought after area of Glenville,
just three minutes and one mile from Glenville High School and is only a short distance from
the Lakefront.
The property has 4 bedrooms, one bathroom, a full basement and a large rear garden. The
property has tenants in place paying $1,250 in rent each month. The tenants are Section 8/
EDEN so the rent is paid direct to the landlord via the City of Cleveland.The house is under
management with a great local Cleveland property management company..

Glenville is seen as a very strong investment area in Cleveland, it is close to the Waterloo
District, Euclid, Bratenahl and the I90 (highway). The property is just 1.3 miles from E105th
Street. The up and coming “ Opportunity Corridor “ and the final phase of a $306 million
roadway project. The house is also within Greater Circle Living (GCL) which is a part of the
larger Greater University Circle Initiative, comprehensive community-building and
development strategy for rental and purchase housing options in Greater University Circle
neighbourhood’s.

Investment Calculations
Purchase price
$69,900
Gross annual rental income:
$15,000
Property running costs:(Tax, insurance and management costs)
$3,010
Net annual rental income:
$11,990
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

18%

Break even in

5.5 Years.

Contact Global Investments Incorporated about this property

Enter details
  1. Keep me updated with similar properties
  2. CAPTCHA

Similar properties for sale nearby

50+ more properties in City of Cleveland

© www.propertyo.com All Rights Reserved.24 Jacks Place, Shoreditch, London, E1 6NN.
Terms & Conditions | Privacy Policy