This very large three bedroom house is located in a great area, Zip Code 14305 in Niagara Falls. This Zip Code has great schools and is only a short distance to Downtown. This property has been completely updated throughout with an updated kitchen, updated bathroom and new carpets and paint. This property is under management by one of the leading Niagara Falls management companies, the management company already have a tenant for placement at $675 a month.This property is located in Zip Code 14305, where the average list price is $64,836. It is very close to the Hyde Park Municipal Golf Course which is the main golf course in Niagara, it is also close to great schools and colleges.
$8,100 rent a year.
Purchase price: $32,900
Gross annual rental income: $8,100
Property running costs: $2,510 (Tax, insurance and management costs)
Net annual rental income: $5,590
Investment calculation - Net Income divided by Purchase price = NET ROI.