Cleveland, Cuyahoga County, Ohio, USA
- PROPERTY TYPE
Detached
- BEDROOMS
4
- BATHROOMS
2
- SIZE
1,588 sq ft
148 sq m
Key features
- Four bedrooms
- Tenanted
- Fully managed
- Local staff
- Garden
- Great location
- Good condition
Description
Lake Erie. Hough is a very demanded area in Cleveland due to its close proximity to the University Circle, the entrance
is just two miles away. The house is also directly across the street from Wade Park Elementary School.
The property has four bedrooms, two bathrooms, a full basement and a large rear garden. The house has Vinyl siding
with approximately half of the windows replaced and new indoor flooring installed. The roof had a partial replacement
completed in the last few years also. This house was originally a two-family property, currently converted to a singlefamily home. The house maintains two-family zoning which could allow a future potential reconversion back to a multi
family. Mulkti family homes in this area sell for $100,000 upwards. There is a tenant currently in place paying $750
each month, Included in the price is a Sellers Rental Contribution of $6,000 which equates to $500 for 12 months
which gives the new owner the current market rent for the first year, This will be credited to the buyer on closing.
Hough is seen as a very strong investment area in Cleveland, it is close to the Waterloo District, Euclid, Bratenahl and
the I90 (highway It is also just 2 miles from the University Circle. The University Circle has the highest concentration of
cultural attractions and performing arts venues in the whole of the US, such as the Cleveland Museum of Art;
Severance Hall, Cleveland Institute of Art, plus many more
Investment Calculations
Purchase price
$84,900
Gross annual rental income:
$15,000
Property running costs:
(Tax, insurance and management costs)
$2,842
Net annual rental income:
$12,158
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
15%
Break even in
6.6 Years
Let GLOBAL help you with your real estate Investments. We are here to help you build your real estate portfolios, and can customise a purchase plan for your wealth building future! Global Investments provides our clients with excellent strategies for real estate investing, home ownership and wealth building. Understanding the market is the key to success. The market has changed so vastly in the past two years, it takes knowledge to navigate the current local markets and get the best deals.
For the real estate investor, this is the time to take advantage of the market, build portfolios, and create passive real estate income, all leading to future wealth. It can be difficult for new real estate investors to learn to navigate around all of the areas we sell in. Online public information directories, website listing companies etc, all can be very daunting, that is what we are here for.
We specialise in selling single family and multi tenanted homes in all States in the US. We have exclusive agreements with the biggest Asset Management Companies and Banks in the US bringing you the best investments at the best prices with no hidden gimmicks.
Just straight talking advice.
We pride ourselves on the level of service that we give before and after the sale, giving you a 24/7 hands on service which is unrivalled in the industry.
Our biggest business is repeat business and referral.
What we offer?
1.US and Uk offices.
2. Highest ROI in the marketplace
3. On the ground management.
4. Professionally managed by our US staff.
5. Safe and secure locations.
6. Renovation team on the ground.
7. Investment renovation packages
8. 24/7 after sales on hand every day.
9. Award winning Brokers
10. 5 star reviews.
11. Bulk purchases
12. LLC set up.
13. Home Warranty.
14. Landlord Insurance
If you're looking for great properties to purchase with excellent on-the-ground local property management then check out our current inventory, and contact us with any questions ?
Welcome to Global "We are always here to help."
Global Investments " The straight talking property company. "
Cleveland, Cuyahoga County, Ohio, USA
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Distances are straight line measurements- Detroit(International)99.1 miles

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Notes
This is a property advertisement provided and maintained by Global Investments USA, Manchester (reference kloikhvcxdjjjk) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.