Building Characteristics
Property Features
This fantastic four bedroom single family home is located on a very nice street in the
sought after area of South-Collinwood, it is just five minutes from the Lakeshore and
only a short walk to Collingwood High School, one of the best schools in Cleveland.
The property has four spacious bedrooms, one bathroom, a large lounge diner and
a full basement. The property has just been updated inside and made rental ready
to a great standard. The house now has tenants in place paying $900 in rent each
month.
The house is under management with a great local Cleveland property management
company.
South-Collinwood is seen as a very strong investment area in Cleveland, this area is
surrounded by some great neighbourhoods like University Heights, Glenville,
Richmond Heights and Euclid, The property is just 0.7 miles and walking distance to
Collinwood High School one of the best schools in Cleveland. This is one of our most
demanded areas by investors
Investment Calculation
Purchase price: 50,900
Gross annual rental income: $10,800
Property running costs: $2,780
(Tax, insurance and management costs)
Net annual rental income: $8,020
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 16%
Break even in 6.25 Years