Global Property Guide

Financial Information for the Residential Property Buyer

Townhouse

Full Description

This large three bedroom single family home is located on a nice street in South-Collinwood, it is just five minutes from the Lakeshore and two minutes and less than half a mile from Collingwood High School, one of the best schools in Cleveland. The property is tenant occupied and has new tenants who moved into the property on the 1st of April this year, before the house was updated, they are paying $750 rent a month, This property is under management by a great local management company.

South-Collinwood is seen as a very strong investment area in Cleveland, this area is surrounded by some great neighbourhoods like University Heights, Glenville, Richmond Heights and Euclid, this property is only 8.4 miles from Downtown and just 6.9 miles from the University Circle.

Investment Details

Purchase price: 35,900

Gross annual rental income: $9,000

Property running costs: $6,980
(Tax, insurance and management costs)

Net annual rental income: $6,980

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

Return on investment: 20%

Key Information

Property ID: 36764489
Location: USA, Ohio, Cuyahoga County, City of Cleveland
Categories:
  • House
  • Townhouse
Bedrooms: 3
Bathrooms: 1
Price:
  • £28,881
  • €32,920
  • $35,900
Short Description:

This large three bedroom house is amazing value at $35,900...