Niagara – $29,500

Net Return – 18%

Niagara – $29,500 Array, Array

$29,500

Description

This very large two 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 offers great value for money due to its size and location, rarely do you find rental properties in New York State for under $30,000. This property is under management by one of the leading Niagara Falls management companies.

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

• Two bedrooms.

• Full basement.

• 1,272 sqft built.

• 3,375 sqft lot.

• Tenanted.

• Fully managed.

• Local staff.

• Garden.

Investment Calculation

Purchase price: $29,500

Gross annual rental income: $6,900

Property running costs: $1,714
(Tax, insurance and management costs)

Net annual rental income: $5,186

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

Return on investment: 18%

Break even in 5.5 Years

Detail

Price: $29,500

Net Return: 18%

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