Global Property Guide

Financial Information for the Residential Property Buyer

Townhouse

Full Description

This three bedroom single family 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 has three large bedrooms, one bathroom, a large lounge diner and a full basement. There are tenants in place keeping the property in great condition paying $650 rent each Month. The property is under management by a great local Cleveland 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 0.8 miles and walking distance to Collinwood High School one of the best schools in Cleveland. This is one of our most demanded areas by investors

 

Investment Calculation


Purchase price: 32,900

Gross annual rental income: $7,800

Property running costs: $1,822
(Tax, insurance and management costs)

Net annual rental income: $5,978

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

Return on investment: 19%

Break even in 5.26 Years

Key Information

Property ID: 41338071
Location: USA, Ohio, Cuyahoga County, City of Cleveland
Categories:
  • House
  • Townhouse
Bedrooms: 3
Bathrooms: 1
Price:
  • £24,682
  • €27,600
  • $32,900
Short Description:

This three bedroom house is a rare find at $32,900..