Added On :
City of Toledo, USA
28 Jul 2017
£ 27,750 / € 31,917 / $ 36,200
This three bedroom house is amazing value at $36,200 and also tenanted.
This huge three bedroom house has been updated including new carpets and paint, this property is located in Ottawa which is just west of Downtown Toledo and only five minutes from the University of 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 Ottawa which is a great family area in Toledo. The main University is only 1.4 miles away and Downtown Toledo is only three miles way, this property is perfectly located for long term renting.
Purchase price: $36,200
Gross annual rental income: $9,000
Property running costs: $2,350
(Tax, insurance and management costs)
Net annual rental income: $6,650
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 19%