Cash Purchase Deal
| Annual Gross Rent | $10.200 |
|---|---|
| Management Fee | $1.020 |
| Property Tax | $1.050 |
| Insurance | $600 |
| Net Annual Income | $7.530 |
| Net Return on Investment (ROI) | %13 |
|---|---|
| Payback Period | 7.4 yrs |
Description
This two bedroom single family home is located in Broadway/Slavic Village which
is just 5 miles from Downtown Cleveland. This property is also only a 1/2 mile from
the centre of Slavic Village and right on the border of Newburgh Heights, a very
affluent area of Cleveland.
The property has two bedrooms, one bathroom, a full basement and a large rear
garden. The property has tenants in place paying $850 in rent each month. The
market rent with Section 8 housing is up to $1,209 each month. The tenants have
resided in the house for a number years and have asked not to be disturbed until
the inspection report is conducted. The house is under management with a great
local Cleveland property management company. This house would have an after
repair value of $95,000 – $110,000
Details
Updated on November 15, 2026 at 6:21 pm- Price: $55,900
- Property Size: 490 Sq Ft
- Bedrooms: 2
- Bathroom: 1
- Property Type: Single Family
- Property Status: 14% Net Return
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