Average square foot calculated using Size range provided by listing agent.
Description
High-Yield Investment Opportunity in North Collinwood! This well-maintained 3-bedroom, 1-bath home in Cleveland’s North Collinwood neighborhood is a turnkey investment, currently generating $1, 377/month in rent—guaranteed and paid directly by CMHA (Cuyahoga Metropolitan Housing Authority). Tenants are secured with a lease through April 2026, transitioning to month-to-month afterward, offering ongoing, stable cash flow. With low monthly expenses—property taxes at $62.60, insurance at $52, and water at $43—the estimated net monthly income is $1, 282. That translates to an impressive annual net income of approximately $15, 028.80. Offered at just $85, 000, this property delivers a strong 17.7% ROI in one of Cleveland’s consistent rental markets. Don't miss this chance to add a solid performer to your portfolio—schedule your showing today!Show Description