Global Property Guide

Financial Information for the Residential Property Buyer


Full Description

This fantastic four bedroom house is in a great location in Lee Miles. The property is only five minutes to John F Kennedy High School, which is one of the best high schools in Cleveland, it is also close to the the Lee Harvard Plaza. There are four bedrooms, one and a half bathrooms, a full basement and a large garden. The property has just been refurbished throughout and comes with brand new tenants paying $750 in rent each month. This property is under management by a great local company Cleveland management company.

Lee Miles is a very well kept busy area in the City of Cleveland, less five minutes away you will find the Lee Harvard Plaza which contains many of leading fast food chains. This area is surrounded by some of the very best neighbourhoods in Cleveland including Shaker Heights and Maple Heights.

Investment Details

Purchase price: 34,900

Gross annual rental income: $9,000

Property running costs: $2,200
(Tax, insurance and management costs)

Net annual rental income: $6,800

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

Return on investment: 20%

Key Information

Property ID: 38765220
Location: USA, Ohio, Cuyahoga County, City of Cleveland
  • House
  • Townhouse
Bedrooms: 4
Bathrooms: 2
  • £25,702
  • €28,620
  • $34,900
Short Description:

This large four bedroom house is amazing value at $34,900..