Global Property Guide

Financial Information for the Residential Property Buyer

Townhouse

Full Description

This single family house is located on a nice street in St.Clair Superior just eight minutes away from the University Circle. The property is in a good condition and comes with two large bedrooms, a full basement and a very large garden, it also has new aluminum siding and glass block windows. The property has a tenant in place paying $700 in rent each month. The property is under management by a great local company.

Saint Clair-Superior is viewed as an up and coming area in Cleveland due to its close proximity to the lake, it is also just 3 miles from Downtown and 2.4 miles from University Circle. The University Circle has the highest concentration of cultural attractions and performing arts venues in the whole of the US.

 

Investment Calculation


Purchase price: 38,900

Gross annual rental income: $8,400

Property running costs: $2,040
(Tax, insurance and management costs)

Net annual rental income: $6,360

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

Return on investment: 17%

Break even in 5.8 Years

Key Information

Property ID: 41581431
Location: USA, Ohio, Cuyahoga County, City of Cleveland
Categories:
  • House
  • Townhouse
Bedrooms: 2
Bathrooms: 1
Price:
  • £28,648
  • €31,900
  • $38,900
Short Description:

This large two bedroom house is a rare find at $38,900..