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41607306 - Buy a Townhouse in USA, Ohio, Cuyahoga County, City of Cleveland

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Five bedroom house

Property Information

Type: Townhouse Property ID: 41607306
Location: City of Cleveland, USA Added on: 16 Sep 2021
Price: £47,795

Short Description

This huge five bedroom house is a rare find at $64,900..

Key Information

  • Property ID: 41607306
  • Location: City of Cleveland
  • Property Type: Townhouse
  • Prices: £ 47,795 / € 53,227 / $ 64,900
  • Detatched
  • Garden
  • Off Street Parking
  • Outside Space

Full Description

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
management company.

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.

 

Investment Calculation

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

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  • Townhouse
  • 5 bedrooms
  • USA
  • City of Cleveland
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