This large three bedroom single family home is located on a nice street in Clark Fulton on the Westside of Cleveland, the house is less than 1 mile from Thomas Jefferson Elementary, one of the best schools in Cleveland. The property has four large bedrooms, two bathrooms a large kitchen and a full basement. The property was recently updated throughput and there are now tenants in place that are paying $900 in rent each month. The property is under management by a great local Cleveland management company.
Clark Fulton is located on the Westside and viewed as a very central location in Cleveland Ohio, it is just 5 miles from Downtown Cleveland and only 2.2 miles from Detroit Shoreway which is one of the best areas in Cleveland. The property is also only 2 miles from Cleveland Metroparks Zoo and food court which is a lovely family area of Cleveland.
• Four bedrooms.
• Two bathrooms.
• 968 sqft built.
• 3,698 sqft lot.
• Fully managed.
• Local staff.
Purchase price: 53,900
Gross annual rental income: $10,800
Property running costs: $2,138 (Tax, insurance and management costs)
Net annual rental income: $8,662
Investment calculation - Net Income divided by Purchase price = NET ROI.