Cash Purchase Deal
| Annual Gross Rent | $20.196 |
|---|---|
| Management Fee | $2.020 |
| Property Tax | $1.200 |
| Insurance | $700 |
| Net Annual Income | $16.276 |
| Net Return on Investment (ROI) | %19 |
|---|---|
| Payback Period | 5.2 yrs |
Description
This lovely three bedroom single family home is located in Forest Hills. The house is
just 2.3 miles to the Famous Shoreby Club and the neighbouring community
Bratenahl. Bratenahl is one of the most exclusive residential areas in Cleveland
where properties can sell in the Millions.
There are three large bedrooms, one bathroom, a full basement and a large garden.
The property will be renovated by Global Investments best contractors and will be
supplied rent ready to a Section 8 standard. The works will begin after the new
owner closes on the property. When complete the management company will place
brand new vetted tenants. The house should achieve $1,200 – $1,683 in rent each
month based on current Section 8 rates fpr this zip code.
Details
Updated on October 9, 2026 at 12:29 pm- Price: $84,900
- Property Size: 1073 Sq Ft
- Bedrooms: 3
- Bathroom: 1
- Property Type: Single Family
- Property Status: 19% Net Return
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