Property for sale in City of Cleveland - 41702311 - Advertised on propertyO by Global Investments Incorporated

House for sale

£67,004

Ohio, Cuyahoga County, City of Cleveland, USA Property ID: 41702311


Property description

This large single family home is located in the sought after area of Glenville, just 3 miles
to the centre of University Circle.
The property has five bedrooms, one bathrooms, a full basement and a large rear
garden. The house has just been vacated and will be supplied by the seller rent ready to
a Section 8 standard. The works will begin as soon as the new owner closes on the
property, when completed the management company will place brand new tenants. The
house should achieve $1,450 – $1,600 in rent each month based on the current marjket
rent through Section 8 housing.
Glenville is seen as a very strong investment area in Cleveland, it is close to the
Waterloo District, Euclid, Bratenahl and the I90 (highway). The property is extremely
well located and is very close to the VA hospital the Cleveland Museum of natural
history, the Cleveland, Museum of Art, casted western reserve University, the university
hospitals, and the Cleveland clinic.

Investment Calculations
Purchase price
$78,900
Gross annual rental income:
$19,200
Property running costs:(Tax, insurance and management costs)
$3,389
Net annual rental income:
$15,811
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

20%

Break even in

5 Years.

Contact Global Investments Incorporated about this property

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