This fantastic two bedroom family home is located on a nice street in Slavic Village which is just 4.8 miles from Downtown Cleveland. This property is also less than a five e minute walk to the centre of Slavic Village one of the most demanded areas in Cleveland. The property has two large bedrooms, a finished attic, newer windows, newer roof, newer electrical panel, porch with decking at the rear and large rear garden. The property also has Section 8 tenants in place so the rent each month of $575 is paid direct to the landlord via the US Government. This property is under management by a great local Cleveland management company.
Slavic Village is a very central location in Cleveland Ohio, it is just 4.8 miles from Downtown Cleveland. The neighbourhood 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.
• Two bedrooms.
• Full Basement
• 800 sqft built.
• 5,074 sqft lot.
• Fully managed.
• Local staff.
Purchase price: 28,900
Gross annual rental income: $6,900
Property running costs: $1,656 (Tax, insurance and management costs)
Net annual rental income: $5,244
Investment calculation - Net Income divided by Purchase price = NET ROI.