Cleveland – $36,240

Net Return – 21%

Cleveland – $36,240 Array, Array



This large four bedroom house is located on a nice street in Newburgh Heights just 6.2 miles from Downtown Cleveland. There are four large bedrooms, a full basement, a large rear garden and two bathrooms. This property is in a good condition and has long term tenants in place who are paying $740 rent a month .This property is under management by one of the leading Cleveland property management companies.

Newburgh Heights is viewed as a very central location in Cleveland Ohio, it is just 6.2 miles from Downtown and 6.7 miles from University Circle which has the highest concentration of cultural attractions and performing arts venues in the whole of the US.

Property Details

• Four bedrooms.

• Two bathrooms.

• 1,440 sqft built.

• 4,200 sqft lot.

• Tenanted.

• Garden.

• Local staff.

• Fully managed.

Investment Calculation

Purchase price: $36,240

Gross annual rental income: $8,880

Property running costs: $1,582
(Tax, insurance and management costs)

Net annual rental income: $7,298

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

Return on investment: 21%

Break even in 4.76 Years


Price: $36,240

Net Return: 21%

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