This lovely three bedroom house is located on a nice street in Garfield
Heights which is a great neighbourhood in Cleveland, this area is close to Lee
Miles and the property is just a few minutes from Garfield Park reservation.
The house consists of three large bedrooms, one bathroom, a full basement and a
large rear garden. The property is in a good condition and has just been vacated.
The seller will provide the property rental ready and the management company
will place brand new tenants when the new owner closes on the property. In this
location the house should achieve $1,100 – $1,200 in rent each month.

Garfield Heights is viewed as a very central location in Cleveland Ohio, it is just 9
miles from Downtown and 6 miles from University Circle which has the highest
concentration of cultural attractions and performing arts venues in the whole of
the US. The property is also just 2.6 miles from the centre of Garfield Heights and
only a short distance to Garfield park reservation.

Investment Calculation

Purchase price: 94,900

Gross annual rental income: $14,400

Property running costs: $3,219
(Tax, insurance and management costs)

Net annual rental income: $11,181

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

Return on investment: 11%