Cleveland, Cuyahoga County, Ohio, USA
- PROPERTY TYPE
Detached
- BEDROOMS
3
- BATHROOMS
1
- SIZE
1,320 sq ft
123 sq m
Key features
- Three bedrooms
- Tenanted
- Fully managed
- Local staff
- Garden
- Great location
- Good condition
Description
one of the biggest attractions in Cleveland. Shaker Square is full of restaurants, bars, boutiques and even has a cinema.
The property has three bedrooms, one and a half bathrooms, a full basement and a large rear garden. The property has
tenants in place paying $800 in rent each month. The market rent is closer to $1,200 each month. Included in the price is
a Sellers Rental Contribution of $4,800 which equates to $400 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. The house also comes with approx $20,000 in
repairs whcih includes a brand new roof and all new painted siding. The seller has requested the tenants not to be
disturbed, internal pictures will be supplied with the inspection. All contracts are subject to a full independent
inspection.
Woodland Hills is viewed as a very central location in Cleveland Ohio, it is just 5 miles from Downtown Cleveland, just 3
miles from the University Circle & only 1.4 miles from Shaker square. The house is in a great street right opposite Luke
Easter Park. The Park covers an area of 97.3 Acres and is popular for walking and family activities. The park features
sports facilities such as a basketball court, a tennis court, a baseball court, a multi-sport court, a swimming pool and an
abundance of natural scenery.
Investment Calculations
Purchase price
$74,900
Gross annual rental income:
$14,400
Property running costs:
(Tax, insurance and management costs)
$2,300
Net annual rental income:
$12,100
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
16%
Break even in
6.25 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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Notes
This is a property advertisement provided and maintained by Global Investments USA, Manchester (reference asdfghytre) 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.