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House for sale

£41,527

Ohio, Cuyahoga County, Cleveland, USA Property ID: 41699782

Property description

This fantastic two bedroom single family home is located on a nice street in St.Clair-Superior which is
just 2.7 miles to Downtown Cleveland. Properties close to the City rarely come onto the market at
the right price as there is huge potential for future capital appreciation.
The property has two bedrooms, one bathroom, a full basement and a large rear garden. The
property was recently updated property and has tenants in place paying $900 in rent each month.
The house is under management with a great local Cleveland property management company.
St.Clair-Superior is an extremely well located suburb which is just 2.7 miles East of the centre of
downtown. The property is very close to Burke Lakefront Airport just to the North. Due to the
proximity of the City and every amenity possible this area is very highly demanded for rentals.

Investment Calculations

Purchase price

$48,900

Gross annual rental income:

$10,800

Property running costs:(Tax, insurance and management costs)

$2,431

Net annual rental income:

$8,369

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

Return of investment

18%