NIAGARA – $32,900.

Net Return – 17%

NIAGARA – $32,900. Array, Array

$32,900

Description

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.

Property Details

  • Three bedrooms.
  • Local staff.
  • Great location.
  • $8,100 rent a year.
  • 1,120 sqft.
  • Fully managed.

Investment Calculation

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.

Return on investment: 17%

Break even in 5.8 Years

Detail

Price: $32,900

Net Return: 17%

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