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32035103 - Buy a Townhouse in USA, Ohio, Cuyahoga County, City of Cleveland

  • This property has been added by Synergy Property Investments (Global Investments Incorporated)
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Five bedroom house

Property Information

Type: Townhouse Property ID: 32035103
Location: City of Cleveland, USA Added on: 23 Jul 2018
Price: £31,320

Short Description

This large five bedroom house is amazing value at $39,900...

Key Information

  • Property ID: 32035103
  • Location: City of Cleveland
  • Property Type: Townhouse
  • Prices: £ 31,320 / € 35,749 / $ 39,900
  • Detatched
  • Garden
  • Suburban
  • Town
  • Off Street Parking

Full Description

This large five bedroom house is located on a nice street in the sought after area of Glenville, just six minutes from Glenville High School and is only a short distance from the Lakefront. There are five large bedrooms, a full basement, large dining room with a fireplace and a large garden. This property comes tenant occupied, the tenants are paying $800 rent a month. This property is under management by a great local company.

Glenville is seen as a very strong investment area in Cleveland, it is close to the Waterloo District, Euclid, Bratenahl and the I90 (highway) Lakeshore is appealing for bus lines, bike trails, and allows access to the beach parks in the neighborhoods on the Northside. It is also just 4.8 miles from Downtown and 1.8 miles from the University Circle.

 

Investment Details

Purchase price: 39,900

Gross annual rental income: $9,000

Property running costs: $2,546
(Tax, insurance and management costs)

Net annual rental income: $7,054

Investment calculation - Net Income divided by Purchase price = NET ROI.

Return on investment: 18%

 

 

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  • Townhouse
  • 5 bedrooms
  • USA
  • City of Cleveland
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