Toledo – $38,000

Net Return – 18%

Toledo – $38,000 Array, Array

$38,000

Description

This is a rare opportunity to purchase a brick house in toledo Ohio, brick properties do not come on the market very often and when they do they usually attract a very high price. This property has three large bedrooms, a full basement and a very large front and rear garden. The property has also been updated throughout to a high standard and is Section 8 approved. The management company have a new Section 8 tenant that is moving into the property within the next two weeks.This property is managed by one of the leading Toledo property management companies.

This property is located in Southside right next to the waterfront, Southside is a great community with good local schools and great local facilities. Southside is only 2.8 miles from downtown Toledo and is also very close to Scott Park University.

Property Details

• Three bedrooms.

• Section 8.

• 968 sqft built.

• 5,100 sqft lot.

• Tenanted.

• Fully managed.

• Local staff.

• Garden.

Investment Calculation

Purchase price: $38,000

Gross annual rental income: $8,400

Property running costs: $1,890
(Tax, insurance and management costs)

Net annual rental income: $6,510

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

Return on investment: 18%

Break even in 5.5 Years

Detail

Price: $38,000

Net Return: 18%

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