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.
$8,160 rent a year.
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.