Niagara – $44,500

Net Return – 16%

Niagara – $44,500 Array, Array

$44,500

Description

This large multi-family 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 and the Hyde Park Golf Course. This house is made up of two separate apartments, you have a large three bedroom apartment downstairs and a large one bedroom apartment upstairs. 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 14303 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

• 1,344 sqft built.

• 7,440 sqft lot.

• Tenanted.

• Fully managed.

• Local staff.

• Garage.

Investment Calculation

Purchase price: $44,500

Gross annual rental income: $10,500

Property running costs: $3,398
(Tax, insurance and management costs)

Net annual rental income: $7,102

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

Return on investment: 16%

Break even in 6.25 Years

Detail

Price: $44,500

Net Return: 16%

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