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41640633 - Buy a Townhouse in USA, Ohio, Cuyahoga County, City of Cleveland

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Five bedroom house

Property Information

Type: Townhouse Property ID: 41640633
Location: City of Cleveland, USA Added on: 21 Jun 2022
Price: £51,478

Short Description

This large five bedroom house is a rare find at $69,900..

Key Information

  • Property ID: 41640633
  • Location: City of Cleveland
  • Property Type: Townhouse
  • Prices: £ 51,478 / € 57,328 / $ 69,900
  • Detatched
  • Garden
  • Off Street Parking
  • Outside Space

Full Description

This really nice large single large family home is located in Mount Pleasant and is
only seven minutes from the famous Shaker Square. Shaker Square is one of the
biggest attractions in Cleveland and is full of restaurants, bars, boutiques and even
has a cinema.
The property has five bedrooms, one bathroom, a large lounge diner, spacious
kitchen and a full basement. The house is in a very nice street and has a nice rear
garden. The house has a long term tenant in place paying $1,200 in rent each month.
The house is under management with a great local Cleveland property management
company

Mount Pleasant is seen as a very strong investment area in Cleveland, just 2.5 miles
away you have the famous Shaker Square which is one of the biggest attractions in
Cleveland. Shaker Square is full of restaurants, bars, boutiques and even has a
cinema. This property is also only 6.6 miles from Downtown and 4 miles from the
University Circle.

 

Investment Calculation

Purchase price: 69,900

Gross annual rental income: $14,400

Property running costs: $2,605
(Tax, insurance and management costs)

Net annual rental income: $11,795

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

Return on investment: 17%

Break even in 5.8 Years

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Property Alerts

  • Townhouse
  • 5 bedrooms
  • USA
  • City of Cleveland
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