Toledo – $39,000

Net Return – 18%

Toledo – $39,000 Array, Array

$39,000

Description

This huge three bedroom house has been refurbished to a high standard. The property is located in Southside which is a good neighbourhood close to Downtown Toledo. The property is Section 8 approved and it has a new Section 8 tenant who is moving into the house in 10 days time, the rent is paid by the US Government. 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 2.7 miles from Downtown Toledo and is also very close to Scott Park University.

Property Details

• Three bedrooms.

• Section 8.

• 1,368 sqft built.

• 4,098 sqft lot.

• Tenanted.

• Fully managed.

• Local staff.

• Garden.

Investment Calculation

Purchase price: $39,000

Gross annual rental income: $9,000

Property running costs: $2,300
(Tax, insurance and management costs)

Net annual rental income: $6,700

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

Return on investment: 18%

Break even in 5.5 Years

Detail

Price: $39,000

Net Return: 18%

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