Niagara – $32,500

Net Return – 18%

Niagara – $32,500 Array, Array

$32,500

Description

This 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 three large bedrooms, a full basement and a large rear garden. This property comes tenanted at $650 a month by great long term tenants, this house is also managed by one of the leading Niagara Falls property management companies.

This property is located in Zip Code 14305, where the average list price is $57,090. 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.

• Tenanted.

• 966 sqft built.

• 4,553 sqft lot.

• Fully managed.

• Local staff.

• Garden.

• Great location.

Investment Calculation

Purchase price: $32,500

Gross annual rental income: $7,800

Property running costs: $2,084
(Tax, insurance and management costs)

Net annual rental income: $5,716

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

Return on investment: 18%

Break even in 5.5 Years

Detail

Price: $32,500

Net Return: 18%

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