41702193 - Buy a House in USA, Ohio, Cuyahoga County, City of Cleveland

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Four bedroom house

Property Information

Type: House Property ID: 41702193
Location: City of Cleveland, USA Added on: 17 Mar 2024
Price: £63,607

Short Description

This four bedroom house is a rare find at $74,900..

Key Information

  • Property ID: 41702193
  • Location: City of Cleveland
  • Property Type: House
  • Prices: £ 63,607 / € 72,662 / $ 74,900

Full Description

This fantastic four bedroom family home is located on a nice street in South Broadway which is just 6.8 miles
from Downtown Cleveland. This property is also next to Broadway Slavic Village just two miles from Slavic
Village, one of the most demanded areas in Cleveland due to the new build homes increasing in the area.
The property has three bedrooms, one bathroom, a full basement and a large rear garden. The property has a
brand new roof and all new windows. 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 – $1,500 in rent each month based on current Section 8
South Broadway is just 2 miles South of Slavic Village which is going through large development projects. This
is one of the most up and coming areas in the City and in huge demand by investors due to new build
properties increasing the value of the properties in the surrounding areas. The house is also just bordering on
the famous Garfield Heights, one of the most desirable areas in Cleveland. The house is just 1.2 miles from
Garfield Heights High School.

Investment Calculations
Purchase price
Gross annual rental income:
Property running costs:(Tax, insurance and management costs)
Net annual rental income:
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment


Break even in

5.26 Years

Contact the Advertiser


Property Alerts

  • House
  • 4 bedrooms
  • USA
  • City of Cleveland
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