Property Description
This well-maintained 3-bedroom, 1-bath home in Cleveland???s Collinwood neighborhood is a prime investment, generating $1,418/month in rent, paid directly by CMHA (Cuyahoga Metropolitan Housing Authority). The tenants are secured on a lease through August 2025, transitioning to a month-to-month agreement thereafter. With monthly expenses including property taxes at $72.60, insurance at $52, and water at $43, the estimated net monthly income is $1,252.40, leading to an annual net income of approximately $15,028.80. At a purchase price of $85,000, this property offers an impressive 17.7% return on investment (ROI). Recent updates include a new roof (2023), new hot water tank (2023), and a furnace (2021), making this a low-maintenance, high-yield opportunity in a strong rental market. Don???t miss out on this cash-flowing investment???schedule a showing today!
Property Features
Feature Descriptions
Local Schools
Listed By / Sold By
Listed By
Agency Name: McDowell Homes Real Estate Services
Agency Phone: 440-205-2000
Shown By
Agent Name: Rachel Sharp, Your Sharp Agent!
Agent Phone: Cell: (330) 354-6792
Agency Title: M.C. Real Estate
Sold By
Agency Name: Non-Member
Agency Phone: 216-999-9999
Agent Name: Non-Member Non-Member
