Property for sale in City of Cleveland - 41696174 - Advertised on propertyO by Global Investments Incorporated

House for sale


Ohio, Cuyahoga County, City of Cleveland, USA Property ID: 41696174

Property description

This very nice three bedroom single family home is located on a nice street
in Corlett and is just a short walk to John Adams College, one of the leading
schools in Cleveland.
The property has three large bedrooms, a large lounge diner, a full
basement and a large rear garden, it has just been made rent ready to a
Section 8 standard.
Once the new owner closes on the property the management company will
place brand new tenants, the house should achieve $1,000 – $1,200 in rent
each month.

Corlett is viewed as a very central location in Cleveland Ohio, it is just 8
miles from Downtown and 5 miles from University Circle. Also just 2 miles
away you have Lee Harvard shopping centre. The property is also just a
short walk to John Adams College, one of the best schools in Cleveland.

Investment Calculations
Purchase price
Gross annual rental income:
Property running costs:(Tax, insurance and management costs)
Net annual rental income:
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment


Break even in

5.5 Years.

Contact Global Investments Incorporated about this property

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