This large three bedroom house is located on a very well kept street in LaGrange close to the Chrysler Assembly Complex. The property has just been refurbished and is Section 8 approved, it has a new Section 8 tenant being placed within the next 10 days, the rent is paid directly by the US Government. The property also comes with a very large rear garden, full basement and new carpets and paint.This property is managed by one of the leading Toledo property management companies.
This property is located in the leafy suburb of LaGrange, just 2.8 miles from Downtown Toledo. LaGrange is a quiet community with great local schools and has lots of local amenities. This property is also very close to the Chrysler Assembly Complex one of the largest car manufacturing sites in the US.
• Three bedrooms.
• Section 8.
• 1,048 sqft built.
• 3,600 sqft lot.
• Fully managed.
• Local staff.
Purchase price: $35,500
Gross annual rental income: $8,400
Property running costs: $2,040 (Tax, insurance and management costs)
Net annual rental income: $6,360
Investment calculation - Net Income divided by Purchase price = NET ROI.