Toledo – $31,000

Net Return – 19%

Toledo – $31,000 Array, Array

$31,000

Description

This large three bedroom house is located on a very well kept street in East Toledo and offers great value for money. 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, large detached garage and new carpets and paint.This property is managed by one of the leading Toledo property management companies.

This property is located on the Eastside of Toledo, this property is close to everything and is only 2.8 miles from Downtown Toledo. It is only a short distance from the main universities, the art museum, restaurants and bars, the local shopping mall, the main hospital etc.

Property Details

• Three bedrooms.

• Section 8.

• 1,156 sqft built.

• 2,400 sqft lot.

• Tenanted.

• Fully managed.

• Local staff.

• Great location.

Investment Calculation

Purchase price: $31,000

Gross annual rental income: $7,920

Property running costs: $2,092
(Tax, insurance and management costs)

Net annual rental income: $5,828

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

Return on investment: 19%

Break even in 5.26 Years

Detail

Price: $31,000

Net Return: 19%

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