Global Property Guide

Financial Information for the Residential Property Buyer

Townhouse

Full Description

This three bedroom home is located on a very nice street in the sought after area of South-Collinwood, it is just five minutes from the Lakeshore and three minutes and less than a mile from Collingwood High School, one of the best schools in Cleveland. The property is in a good condition and has three large bedrooms, a garage and a large rear garden, the tenants are paying $750 rent a month. This property is under management by a great local property management company.

South-Collinwood is seen as a very strong investment area in Cleveland, this area is surrounded by some great neighbourhoods like University Heights, Glenville, Richmond Heights and Euclid, The property is just 1.8 miles and just 5 minutes from the famous Euclid Avenue where you will find many shops, restaurants, hotel chains & the town hall. This is one of our most demanded areas by investors.

Investment Details

Purchase price: 38,900

Gross annual rental income: $9,000

Property running costs: $2,050
(Tax, insurance and management costs)

Net annual rental income: $6,950

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

Return on investment: 18%

Key Information

Property ID: 38530679
Location: USA, Ohio, Cuyahoga County, City of Cleveland
Categories:
  • House
  • Townhouse
Bedrooms: 3
Bathrooms: 1
Price:
  • £29,184
  • €32,630
  • $38,900
Short Description:

This charming three bedroom house is amazing value at $38,900..