Global Property Guide

Financial Information for the Residential Property Buyer

Townhouse

Full Description

This very nice two bedroom family home is located in North Broadway which is just 4.7 miles from Downtown Cleveland. This property is also just 0.7 miles from Slavic Village one of the most demanded areas in Cleveland. The property has tenants in place that are keeping the property in good condition and are paying $750 rent a month . This property is under management by a great local Cleveland property management company.

North Broadway is viewed as a very central location in Cleveland Ohio, it is just 4.7 miles miles from Downtown and 4.6 miles from University Circle. The property is also just 0.7 miles from Slavic Village. Slavic Village is going through large development projects. This is one of the most up and coming areas in the City and in huge demand by investors.

Investment Details

Purchase price: 34,900

Gross annual rental income: $9,000

Property running costs: $1,885
(Tax, insurance and management costs)

Net annual rental income: $7,115

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

Return on investment: 21%

Key Information

Property ID: 38870009
Location: USA, Ohio, Cuyahoga County, City of Cleveland
Categories:
  • House
  • Townhouse
Bedrooms: 2
Bathrooms: 1
Price:
  • £26,183
  • €29,270
  • $34,900
Short Description:

This large two bedroom house is a great find at $34,900...