This very large two bedroom house offers incredible value for money. This property has been updated throughout 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 2.9 miles from Downtown Toledo and is also very close to Scott Park University.
• Two bedrooms.
• Section 8.
• 1,326 sqft built.
• 3,400 sqft lot.
• Fully managed.
• Local staff.
Purchase price: 30,000
Gross annual rental income: $7,200
Property running costs: $1,930 (Tax, insurance and management costs)
Net annual rental income: $5,270
Investment calculation - Net Income divided by Purchase price = NET ROI.