Property for sale in City of Cleveland - 41695920 - Advertised on propertyO by Global Investments Incorporated

House for sale

£66,155

Ohio, Cuyahoga County, City of Cleveland, USA Property ID: 41695920


Property description

This nice three bedroom house is in a great location in Lee Miles. The property is
only a four minutes to John F Kennedy High School, which is one of the best high
schools in Cleveland, it is also only 1 mile to the the Lee Harvard Plaza.
There are three spacious bedrooms, a full basement and a large garden. There
are also long term tenants that have resided in the property since 2002 paying
$1,100 in rent each month.
The property is under management by a local Cleveland property management
company

Lee Miles is a very well kept busy area in the City of Cleveland, just one mile away
you will find the Lee Harvard Plaza which contains many of leading fast food
chains. This area is surrounded by some of the very best neighbourhoods in
Cleveland including Shaker Heights and Maple Heights.

Investment Calculations
Purchase price
$77,900
Gross annual rental income:
$13,200
Property running costs:(Tax, insurance and management costs)
$2,762
Net annual rental income:
$10,438
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

14%

Break even in

7.14 Years.

Contact Global Investments Incorporated about this property

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