This very large three bedroom house is located in a great area, Zip Code 14303 in Niagara Falls. This Zip Code has great schools and is only a short distance to Downtown. This property has been updated throughout including new carpets and paint.This property comes tenanted at $750 a month, this house is also managed by one of the leading Niagara Falls property management companies.
This property is located in Zip Code 14303, where the median list price is $83,000. 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.
• Three bedrooms.
• 1,144 sqft built.
• 2,970 sqft lot.
• Fully managed.
• Local staff.
• Good location.
Purchase price: $39,000
Gross annual rental income: $9,000
Property running costs: $2,840 (Tax, insurance and management costs)
Net annual rental income: $6,190
Investment calculation - Net Income divided by Purchase price = NET ROI.