Global Property Guide

Financial Information for the Residential Property Buyer

Townhouse

Full Description

This large three bedroom house is located on a nice street in the highly sought after area of Mount Pleasant, just 2.7 miles from the famous Shaker Square. There are three large bedrooms, a full basement and a large rear garden. The property is just been updated and upon closing the management company will be placing tenants on a new contract. This property is under management by a local Cleveland property management company.

Mount Pleasant is seen as a very strong investment area in Cleveland, just 2.7 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 7.9 miles from Downtown and 5.6 miles from the University Circle.

Investment details

Purchase price: 43,900

Gross annual rental income: $9,900

Property running costs: $2,020
(Tax, insurance and management costs)

Net annual rental income: $7,880

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

Return on investment: 18%

Key Information

Property ID: 37336964
Location: USA, Ohio, Cuyahoga County, City of Cleveland
Categories:
  • House
  • Townhouse
Bedrooms: 3
Bathrooms: 1
Price:
  • £35,317
  • €40,250
  • $43,900
Short Description:

This large three bedroom house is a rare find at $43,900...