Global Property Guide

Financial Information for the Residential Property Buyer

Townhouse

Full Description

This large two apartment house is located on a nice street in the sought after area of Glenville, just three minutes and less than a mile from Glenville High School which is one of the best schools in Cleveland. The property has six large bedrooms, two bathrooms and a full basement. This property has great tenants in place keeping the property in excellent condition, one is paying $500 per month and the other $550 per month. This property is managed by a great local Cleveland management company.

Glenville is seen as a very strong investment area in Cleveland, it is close to the Waterloo District, Euclid, Bratenahl and the I90 (highway) Lakeshore is appealing for bus lines, bike trails, and allows access to the beach parks in the neighbourhoods on the Northside. It is also just 4.7 miles from Downtown and just 2.3 miles from the University Circle.

Investment Details

Purchase price: 48,900

Gross annual rental income: $12,600

Property running costs: $2,309
(Tax, insurance and management costs)

Net annual rental income: $10,291

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

Return on investment: 21%

Key Information

Property ID: 38152745
Location: USA, Ohio, Cuyahoga County, City of Cleveland
Categories:
  • House
  • Townhouse
Bedrooms: 6
Bathrooms: 2
Price:
  • £40,335
  • €44,040
  • $48,900
Short Description:

This large six bedroom house is a rare find at $48,900...