Property for sale in City of Cleveland - 41700557 - Advertised on propertyO by Global Investments Incorporated

House for sale


Ohio, Cuyahoga County, City of Cleveland, USA Property ID: 41700557

Property description

This fantastic large two bedroom single family home is located on a nice street in St.ClairSuperior which is just 2.8 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
The property has two large bedroom, a large lounger diner, a full basement and a large rear
garden. The house has just been made rental ready to a Section 8 standard. The management
company will place brand new tenants when the new owner closes on the property. The
house should achieve $900 – $1,100 in rent each month. The tenants could be Section 8 or
St.Clair-Superior is an extremely well located suburb which is just 2.8 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

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

5.26 Years.

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