Property for sale in City of Cleveland - 41700931 - Advertised on propertyO by Global Investments Incorporated

House for sale

£64,456

Ohio, Cuyahoga County, City of Cleveland, USA Property ID: 41700931


Property description

This large single family home is located on a very nice street in Woodland Hills, right next to
the Woodland Homes district just on the boarder of Buckeye Shaker. The house is just 2
miles from the entrance to the world famous Cleveland Clinic..
The property has three large bedrooms, two bathrooms, a large lounge diner, a full
basement and a large rear garden. The house has just been refurbished and made rental
ready. The management company will place brand new tenants when the new owner closes
on the property. The house should achieve $1,300 – $1,400 in rent each month. The
property is under management with a great local Cleveland property management company.
Woodland Hills is viewed as a very central location in Cleveland Ohio, it is just 5 miles from
Downtown Cleveland, just 2 miles from the University Circle & only 1 mile from Shaker
square. There are many new built homes being built in this area, increasing the value or
surrounding properties with a good potential for capital appreciation. New builds are selling
for over $300,000.

Investment Calculations
Purchase price
$75,900
Gross annual rental income:
$16,800
Property running costs:(Tax, insurance and management costs)
$2,880
Net annual rental income:
$13,920
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

19%

Break even in

5.26 Years

Contact Global Investments Incorporated about this property

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