4 Bed Land In Cleveland
4212Cyril Ave, Cleveland OH 44109
* Only $40,500
* Previously sold for $85,000
* Section 8 approved!
* High yield property - excellent ROI!
* Tenants and management in place
* Immediate income - rents prorated at the closing!
This single family home features 4 beds, 1 bath and a full basement.
This turnkey property is approximately 1,228 sq ft and it has a current Zillow Value of $62,907. It previously sold for $85,000 in June of 2006.
All section 8 inspections are passed and approved with guaranteed income paid directly into your bank account each month by the US Federal Government. Section 8 Allows for annual rent increases.
Purchase Price: $40,500
Closing Costs: $600.00
TOTAL OUTLAY: $41,100
RENTAL INCOME: $8,796.00 per annum
Property Taxes: $1,002.00
TOTAL OUTGOINGS: $2,262.00
NET INCOME: $6,534.00
THE NET YIELD IS THEREFORE A FANTASTIC 15.9 %
For further information or to reserve this property, please complete the enquiry form as soon as possible.
Price: 40500.00 $ Bedrooms: 4 Bathrooms: 1