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This fantastic four bedroom family home is located on a nice street in South Broadway
which is just 4.3 miles from Downtown Cleveland. This property is also walking distance to
the heart of Slavic Village, one of the most demanded areas in Cleveland due to the new
build homes increasing in the area.
The property has four large bedrooms, one bathroom, a nice lounge diner and a large rear
garden with a detached garage. The house has tenants in place paying $1,000 in rent
each month.
The property is under management with a great Cleveland property management
company.
South Broadway is viewed as a very central location in Cleveland Ohio, it is just 4.3 miles
miles from Downtown and 6 miles from University Circle. The property is also in the heart
of Slavic Village. Slavic Village is going through large development projects. This is one of
the most up and coming areas in the City and in huge demand by investors.
Investment Calculation
Purchase price: 52,900
Gross annual rental income: $12,000
Property running costs: $2,700
(Tax, insurance and management costs)
Net annual rental income: $9,300
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 18%
Break even in 5.5 Years
This property is a Townhouse for sale.

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