Six Bedroom House (ref. 41707387) - Houses for Sale, Real Estate - Number of Bedrooms: 6, Number of Bathrooms: 1 - Cuyahoga, Ohio, United States

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Six Bedroom House (ref. 41707387)
Date & Time Listed: 2024-10-28 10:07:04 (GMT)

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 6, Number of Bathrooms: 1
Posted From: United States, Ohio, Cuyahoga

Ad Details:

This large six bedroom single family home is located in the sought after area of Glenville,
just 3 miles to the centre of University Circle. There are a large number of new build
properties being constructed in this area having a positive impact on nearby real estate.
There are six bedrooms, one bathroom, a full basement and a large garden. The
property will be renovated by Global Investments best contractors and will be supplied
rent ready to a Section 8 standard. When complete the management company will place
brand new vetted tenants. The house should achieve $1,400 – $1,800 in rent each
month.
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 3 minutes from Rockefeller Park & Greenhouse, 3 minutes from Cultural Garden, 5
minutes form Gordon Park and 11 minutes from Downtown Cleveland.
Investment Calculations
Purchase price
$94,900
Gross annual rental income:
$21,600
Property running costs:(Tax, insurance and management costs)
$3,433
Net annual rental income:
$18,167
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
19%
Break even in
5.26 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 6
Number of Bathrooms: 1

Price: 94,900.00 USD

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Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 6, Number of Bathrooms: 1 Posted From: United States, Ohio, Cuyahoga

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 6, Number of Bathrooms: 1
Posted From: United States, Ohio, Cuyahoga