Added On :
City of Rochester, USA
25 Aug 2021
£ 67,853 / € 77,513 / $ 79,900
This large four bedroom multi unit is a rarr find at $79,900..
This very nice two apartment multi family home is located in the Josana
neighbourhood in the North West of Rochester, New York.
The property is divided into two large apartments, you have a large two bedroom
apartment downstairs and a large two bedroom apartment upstairs. Both apartments
have long term tenants that have resided in the property for several years. The total
monthly rental income is $1,380 each month. The property has a brand new
driveway, new vinyl windows and also the roof was replaced not long ago.
This property is under management with a great local Rochester property
This property is located in Charles House Area Council / The Josana neighbourhood,
which is in the North West of Rochester, New York. The house is just 1.7 miles from
downtown Rochester. The Josana neighbourhood is an area with a increase in new
homes, mostly owner occupied, which have been added through a partnership
between Flower City Habitat for Humanity and the Rochester Housing Authority.
Purchase price: 79,900
Gross annual rental income: $16,560
Property running costs: $2,649
(Tax, insurance and management costs)
Net annual rental income: $13,911
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 18%
Break even in 5.5 Years