Global Property Guide

Financial Information for the Residential Property Buyer

Townhouse

Full Description

This fantastic two apartment multi family home is located in Euclid Green right next to South Collinwood, just a short distance from the Lakefront. It is also only three minutes and walking distance to Euclid Park School. The property is divided into two large apartments, you have a large two bedroom apartment downstairs and a large two bedroom apartment upstairs. The property has just been made rental ready. The management company will be placing brand new tenants when the new owner closes on the property paying $550 – $600 each in rent per Month.

Euclid Green 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 South Collinwood, this property is only 1.8 miles and five minutes from Euclid Creek Reservation, a beautiful nature trail full of natural wildlife, picnic areas and stunning scenery. A great family area that is close to the city and yet nature is all around you.

 

Investment Calculation


Purchase price: 55,900

Gross annual rental income: $14,400

Property running costs: $2,767
(Tax, insurance and management costs)

Net annual rental income: $11,633

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

Return on investment: 21%

Break even in 4.76 Years

Key Information

Property ID: 41581443
Location: USA, Ohio, Cuyahoga County, City of Cleveland
Categories:
  • House
  • Townhouse
Bedrooms: 4
Bathrooms: 2
Price:
  • £41,167
  • €45,850
  • $55,900
Short Description:

This huge four bedroom house is a rare find at $55,900..