Toledo – $41,000

Net Return – 18%

Toledo – $41,000 Array, Array

$41,000

Description

This three bedroom house is located in DeVeaux on the Westside of Toledo, this area is considered one of the best areas in Toledo, the average list price for DeVeaux is $81,261. This property has just been refurbished throughout including new carpets and paint, an updated kitchen and bathroom and double patio doors leading onto a private garden terrace. The property has just been Section 8 approved and there will be a Section 8 tenant placed in time for closing. This property is managed by one of the leading Toledo property management companies.

DeVeaux is seen as one of the best areas in Toledo, it is very close to the University of Toledo and also close to Franklin Park Mall. It is just four miles from the centre of Downtown Toledo.

Property Details

• Three bedrooms.

• Section 8.

• 871 sqft built.

• 6,969 sqft lot.

• Tenanted.

• Fully managed.

• Local staff.

• Garden.

Investment Calculation

Purchase price: $41,000

Gross annual rental income: $9,360

Property running costs: $2,336
(Tax, insurance and management costs)

Net annual rental income: $7,024

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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