Niagara – $41,000

Net Return – 18%

Niagara – $41,000 Array, Array

$41,000

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 are in a great condition 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 Niagara Falls which is a great area with good schools and lots of local amenities. It is very close to the Hyde Park Municipal Golf Course which is the main golf course in Niagara.

Property Details

• Two apartments.

• Four bedrooms

• 1,668 sqft built.

• 4,920 sqft lot.

• Tenanted.

• Fully managed

• Local staff.

• Garden.

Investment Calculation

Purchase price: $41,000

Gross annual rental income: $12,540

Property running costs: $5,478
(Tax, insurance and management costs)

Net annual rental income: $7,062

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

Return on investment: 18%

Break even in 5.5 Years

Detail

Price: $41,000

Net Return: 18%

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