Buffalo – $34,000.

Net Return – 17%

Buffalo – $34,000. Array, Array

$34,000

Description

This very large four bedroom house offers great value for money, the property is located in Kensington close to the University of Buffalo. This property has four large bedrooms, a detached garage and a full basement and is Section 8 approved. There is a long term Section 8 tenant in place, the rent is paid by the US government. This property is managed by one of the leading Buffalo property management companies.This property is located in Kensington just south of La Salle, the main University is only 4 miles away and the University of Health & Medicine is only one mile away. It also just under six miles from the centre of Downtown Buffalo.

Property Details

  • Four bedrooms.
  • Local staff.
  • Great location.
  • $8,160 rent a year.
  • 1,563 sqft.
  • Fully managed.

Investment Calculation

Purchase price: $34,000

Gross annual rental income: $8,160

Property running costs: $2,528
(Tax, insurance and management costs)

Net annual rental income: $5,632

Investment calculation - Net Income divided by Purchase price = NET ROI.

Return on investment: 17%

Break even in 5.8 Years

Detail

Price: $34,000

Net Return: 17%

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