Cash Purchase Deal
| Annual Gross Rent | $20.400 |
|---|---|
| Management Fee | $2.040 |
| Property Tax | $1.100 |
| Insurance | $600 |
| Net Annual Income | $16.660 |
| Net Return on Investment (ROI) | %14 |
|---|---|
| Payback Period | 7.2 yrs |
Description
This lovely three bedroom single family home is located on a nice street in Detroit
Shoreway on the Westside of Cleveland, the house is only 1.3 miles and just five
minutes from the famous Gordon square arts district.
.
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 $1,250 – $1,700 in rent each
month based on current Section 8 rates for this zip code.
Details
Updated on October 15, 2026 at 9:41 am- Price: $119,900
- Property Size: 1494 Sq Ft
- Bedrooms: 3
- Bathroom: 1
- Property Type: Single Family
- Property Status: 14% Net Return
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