Niagara – $39,000

Net Return – 16%

Niagara – $39,000 Array, Array

$39,000

Description

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.

Property Details

• Three bedrooms.

• Tenanted.

• 1,144 sqft built.

• 2,970 sqft lot.

• Fully managed.

• Local staff.

• Garden.

• Good location.

Investment Calculation

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.

Return on investment: 16%

Break even in 6.25 Years

Detail

Price: $39,000

Net Return: 16%

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