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28776149 - Buy a Townhouse in USA, Ohio, Lucas County, City of Toledo

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Five bedroom house

Property Information

Type: Townhouse Property ID: 28776149
Location: City of Toledo, USA Added on: 17 Sep 2017
Price: £39,593

Short Description

This large five bedroom house is a rare find at only $48,000 and also tenanted.

Key Information

  • Property ID: 28776149
  • Location: City of Toledo
  • Property Type: Townhouse
  • Prices: £ 39,593 / € 43,232 / $ 48,000
  • Detatched
  • Garden
  • Suburban
  • Town
  • Basement

Full Description

This huge five bedroom house is one of the best rental properties to come on the market this year in Toledo, the house has been updated to a high standard including a brand new kitchen. The property is located in Roosevelt which is viewed as one of the top areas for investment, it less than a five minute drive from 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 the leafy suburb of Roosevelt, just 2 miles from Downtown Toledo. Roosevelt is a quiet community with great local schools and has lots of local amenities. This property is also only a ten minute drive from the University of Toledo.

 

Investment Details

Purchase price: $48,000

Gross annual rental income: $11,328

Property running costs: $2,532
(Tax, insurance and management costs)

Net annual rental income: $8,796

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

Return on investment: 19%

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  • Townhouse
  • 5 bedrooms
  • USA
  • City of Toledo
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