Cleveland, Cuyahoga County, Ohio, USA
- PROPERTY TYPE
Detached
- BEDROOMS
4
- BATHROOMS
2
- SIZE
1,948 sq ft
181 sq m
Key features
- Four bedrooms
- Tenanted
- Fully managed
- Local staff
- Garden
- Great location
- Good condition
Description
Cleveland, this area is close to Mount Pleasant and Slavic Village. It is also just a few minutes to John Adams
College And Career Academy, which is one of the best schools in Cleveland.
There are four bedrooms, one bathroom, a full basement and a large garden. The property has tenants in place
paying $800 in rent each month. The current market rent for 4 bed single family homes in this area are closer to
$1,200 each month anf can reach up to $1,800. This particular house is registered as a 2 apartment multi but
rented to 1 family so there is a possibility the new owner could convert the property back to a multi family on the
future should they wish to invest in the upgrade. 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.
The property has an ARV of approx $120,000 giving the new owner immediate equity.
Union - Miles Park is viewed as a very central location in Cleveland Ohio, it is just 6 miles from Downtown and 5
miles from University Circle. University Circle has the highest concentration of cultural attractions and performing
arts venues in the whole of the US. The house is also just 1 mile to John. Adams College and Career Academy.
Investment Calculations
Purchase price
$79,900
Gross annual rental income:
$14,400
Property running costs:
(Tax, insurance and management costs)
$2,889
Net annual rental income:
$11,511
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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Notes
This is a property advertisement provided and maintained by Global Investments USA, Manchester (reference zxcvbnhgfdert) 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.