Global Property Guide

Financial Information for the Residential Property Buyer

Townhouse

Full Description

This great four bedroom single family home is located on a nice street in Corlett and is less than one mile and just a three minute walk to John Adams College, one of the leading schools in Cleveland. There are four bedrooms, one bathroom, a full basement and a large rear garden with a detached garage. The property has tenants in place that are paying $750 in rent each month This property is under management by a great local company.

Corlett is viewed as a very central location in Cleveland Ohio, it is just 6.6 miles from Downtown and 4.5 miles from University Circle. Also just 2 miles away you have Lee Harvard shopping centre. The property is also just walking distance to John Adams College, one of the best schools in Cleveland..

Investment Details

Purchase price: 36,900

Gross annual rental income: $9,000

Property running costs: $2,060
(Tax, insurance and management costs)

Net annual rental income: $6,940

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

Return on investment: 19%

Key Information

Property ID: 39978759
Location: USA, Ohio, Cuyahoga County, City of Cleveland
Categories:
  • House
  • Townhouse
Bedrooms: 4
Bathrooms: 1
Price:
  • £28,553
  • €33,930
  • $36,900
Short Description:

This huge four bedroom house is a rare find at $36,900...