Property for sale in City of Cleveland - 41709295 - Advertised on propertyO by Global Investments Incorporated

House for sale

£84,837

Ohio, Cuyahoga County, City of Cleveland, USA Property ID: 41709295


Property description

This fantastic four bedroom family home is located on a nice street in South Broadway which is just 6.8
miles from Downtown Cleveland. This property is also next to Broadway Slavic Village just two miles from
Slavic Village, one of the most demanded areas in Cleveland due to the new build homes increasing in the
area.
The property has four bedrooms, one bathroom, a full basement and a large rear garden. The property
has recently had a brand new roof and all new windows. The house also has Section 8 tenants in place
paying $1,350 in rent each month. 70% finance is available for non residents, terms and conditions apply.
South Broadway is just 2 miles South of Slavic Village which is going through large development projects.
This is one of the most up and coming areas in the City and in huge demand by investors due to new build
properties increasing the value of the properties in the surrounding areas. The house is also just
bordering on the famous Garfield Heights, one of the most desirable areas in Cleveland. The house is just
1.2 miles from Garfield Heights High School.

Investment Calculations
Purchase price
$99,900
Gross annual rental income:
$16,200
Property running costs:(Tax, insurance and management costs)
$9,996
Net annual rental income:
$6,204
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

18%

Break even in

5.5 Years.

Contact Global Investments Incorporated about this property

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