Global Property Guide

Financial Information for the Residential Property Buyer

Townhouse

Full Description

This great two bedroom family home is located in North Broadway which is just 3.5 miles from Downtown Cleveland. This property is also just 1.3 miles from Slavic Village one of the most demanded areas in Cleveland. The property has just been updated and made rental ready standard. The management company will be placing brand new tenants when the new owner closes on the property paying $650 – $700 in rent each month.

North Broadway is viewed as a very central location in Cleveland Ohio, it is just 3.5 miles miles from Downtown and 5.7 miles from University Circle. The property is also just 2.1 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 Calculation


Purchase price: 33,900

Gross annual rental income: $8,400

Property running costs: $1,575
(Tax, insurance and management costs)

Net annual rental income: $6,825

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

Return on investment: 21%

Break even in 4.76 Years

Key Information

Property ID: 41376703
Location: USA, Ohio, Cuyahoga County, City of Cleveland
Categories:
  • House
  • Townhouse
Bedrooms: 2
Bathrooms: 1
Price:
  • £25,433
  • €28,430
  • $33,900
Short Description:

This large two bedroom house is amazing value at $33,900..