Niagara – $38,500

Net Return – 18%

Niagara – $38,500 Array, Array

$38,500

Description

This large multi-family house is located in a great area, Zip Code 14301 in Niagara Falls. This Zip Code has great schools and is only a short distance to Downtown and the Hyde Park Golf Course. This house is made up of two very large two bedroom apartments, both apartments have been updated and both apartments have new tenants in place. This house is also managed by one of the leading Niagara Falls property management companies.

This property is located in Zip Code 14301, where the average list price is $42,257. 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 apartments.

• Four bedrooms

• 1,056 sqft built.

• Fully managed.

• $ 10,200 Rent a year.

•  Great location.

• $ 1,155 Property taxes.

•  Garden.

Investment Calculation

Purchase price: $38,500

Gross annual rental income: $10,200

Property running costs: $3,273
(Tax, insurance and management costs)

Net annual rental income: $6,927

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

Return on investment: 18%

Break even in 5.5 Years

Detail

Price: $38,500

Net Return: 18%

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