Cash Purchase Deal
| Annual Gross Rent | $21.600 |
|---|---|
| Management Fee | $2.160 |
| Property Tax | $2.580 |
| Insurance | $600 |
| Net Annual Income | $16.260 |
| Net Return on Investment (ROI) | %11 |
|---|---|
| Payback Period | 9.2 yrs |
Description
This lovely three bedroom single family home is located in Euclid right next to North
Collinwood, just a short distance from the Lakefront. The house is just a short walk
tio Euclid High School and also only 1 mile and 5 minutes from the new $175M,
650,000-square-foot Amazon fulfilment centre in Euclid.
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 $1,450 – $1,800 in rent each
month based on current Section 8 rates for this zip code.
Details
Updated on November 3, 2026 at 4:29 pm- Price: $149,900
- Property Size: 1070 Sq Ft
- Bedrooms: 3
- Bathroom: 1
- Property Type: Single Family
- Property Status: 11% Net Return
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