Toledo – $30,000

Net Return – 18%

Toledo – $30,000 Array, Array

30,000

Description

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.

Property Details

• Two bedrooms. • Section 8. • 1,326 sqft built. • 3,400 sqft lot. • Tenanted. • Fully managed. • Local staff. • Garden.

Investment Calculation

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.

Return on investment: 18%

Break even in 5.5 Years

Detail

Price: 30,000

Net Return: 18%

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