Three Bedroom House (ref. 41697800) - Houses for Sale, Real Estate - Number of Bedrooms: 3, Number of Bathrooms: 1 - Cuyahoga, Ohio, United States

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Three Bedroom House (ref. 41697800)
Date & Time Listed: 2024-03-04 20:55:20 (GMT)

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 3, Number of Bathrooms: 1
Posted From: United States, Ohio, Cuyahoga

Ad Details:

This very nice three bedroom family home is located in North Broadway which is
just 4 miles from Downtown Cleveland. This property is also less than a mile from
the centre of Slavic Village one of the most demanded areas in Cleveland.
The property has three bedrooms, one bathroom, a full basement and a large rear
garden. The property has tenants in place paying $900 in rent each month.
The house is under management with a great local Cleveland property
management company.
North Broadway is viewed as a very central location in Cleveland Ohio, it is just 4
miles miles from Downtown and 5 miles from University Circle. The property is also
less than 1 mile from Slavic Village. Slavic Village is going through large
development projects. This is one of the most up and coming areas in the City and
in huge demand from investors.
Investment Calculations
Purchase price
$51,900
Gross annual rental income:
$9,600
Property running costs:(Tax, insurance and management costs)
$1,659
Net annual rental income:
$7,941
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
14%
Break even in
7.14 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 3
Number of Bathrooms: 1

Price: 51,900.00 USD

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Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 3, Number of Bathrooms: 1 Posted From: United States, Ohio, Cuyahoga

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 3, Number of Bathrooms: 1
Posted From: United States, Ohio, Cuyahoga