This large five bedroom single family home is located on a nice street in Clark
Fulton on the Westside of Cleveland, the house is just 1.3 miles from the Metro
Health centre main campus.
The property is very spacious with 5 large bedrooms, two bathrooms a large
lounge diner with a full basement. The property also has tenants in place paying
$925 each month in rent.
The house is under management with a great local Cleveland property
Clark Fulton is located on the Westside and viewed as a very central location in
Cleveland Ohio, it is just 4.5 miles from Downtown Cleveland and only 1.9 miles
from Detroit Shoreway which is one of the best areas in Cleveland. The property is
also only just1.3 miles from the Metro Health centres main campus. A $946 million
transformation plan of an 11-story 264-bed hospital on its main campus on West
25th Street in Cleveland. A huge project that is transforming the area.
Purchase price: 64,900
Gross annual rental income: $11,100
Property running costs: $2,846
(Tax, insurance and management costs)
Net annual rental income: $8,254
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 13%
Break even in 7.69 Years