Global Property Guide

Financial Information for the Residential Property Buyer

Townhouse

Full Description

This large multi-family home is located in Buckeye Shaker and is only four minutes and less than one mile from the famous Shaker Square. Shaker Square is one of the biggest attractions in Cleveland and is full of restaurants, bars, boutiques and even has a cinema. The property is divided into two large apartments, you have a large two bedroom apartment downstairs and a large three bedroom apartment upstairs. The property has just been completely refurbished and the management company will be placing brand new tenants when the new owner closes on the property paying between $600 – $650 each in rent each month.

Buckeye Shaker is seen as a very strong investment area in Cleveland, less than 1 mile away you have the famous Shaker Square. This property is also only 5.8 miles from Downtown and 2.9 miles from the University Circle which has the highest concentration of cultural attractions and performing arts venues in the whole of the US.

Investment Details

Purchase price: 74,900

Gross annual rental income: $15,600

Property running costs: $2,860
(Tax, insurance and management costs)

Net annual rental income: $12,740

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

Return on investment: 18%

Key Information

Property ID: 39570048
Location: USA, Ohio, Cuyahoga County, City of Cleveland
Categories:
  • House
  • Townhouse
Bedrooms: 5
Bathrooms: 2
Price:
  • £56,941
  • €67,630
  • $74,900
Short Description:

This huge five bedroom multi unit house is amazing value at $74,900...