Three Bedroom House (ref. 41707828) - 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. 41707828)
Date & Time Listed: 2024-11-25 11:58:27 (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 lovely three bedroom single family home is located on a nice street in Union – Miles Park
which is a great neighbourhood in Cleveland, this area is close to Mount Pleasant and Slavic
Village.
The property has three bedrooms, one bathroom, a full basement and a large rear garden..The
house has just been vacated and needs some cosmetic repairs to be brought up to a Section 8
rental ready standard. The funds are included in the price and the works will begin as soon as the
new owner closes on the property. When complete the management company will place a brand
new tenant. The house should achieve $1,250 – $1,700 in rent each month based on current
Section 8 rates.
Union – Miles Park is viewed as a very central location in Cleveland Ohio, it is just 7 miles from
Downtown and 4 miles from University Circle. University Circle has the highest concentration of
cultural attractions and performing arts venues in the whole of the US. The house is also just 1
mile to John Adams College And Career Academy, which is one of the best schools in Cleveland.
Investment Calculations
Purchase price
$79,900
Gross annual rental income:
$17,400
Property running costs:(Tax, insurance and management costs)
$3,157
Net annual rental income:
$14,243
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
18%
Break even in
5.5 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 3
Number of Bathrooms: 1

Price: 79,900.00 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