$42,500. Quality Modern Section 8 Tenanted 4 Bed TOLEDO Home. 16.9% Net Yield

  • Price: 42500.00 $
  • Bedrooms: 4
  • Bathrooms: 2
  • Size (M2): 130

QUALITY MODERN BUY TO LET DEAL!

115 E Bancroft St, Toledo, Ohio is a newly refurbished 4 bedroom, 2 bathroom single family home which is located in the popular Warren Sherman district to the south of Olde Town. 

Built in 1998, this property totals 1,400 square foot plus a garage of 280 square foot on a lot of 5,401 square foot. This is a nice property in a sought after area which is highly recommended and priced to sell now.

Section 8 tenants have recently moved in on a renewable 12 month lease  to ensure an excellent income from day one.

Unlike most of our competitors, we take in to account all purchase costs and ongoing expenditure to give you a genuine net yield.

FINANCIAL ANALYSIS:

Sales Price: $42,500

Estimated Closing Costs: $1,000

TOTAL OUTLAY: $43,500

ANNUAL RENTAL INCOME: $9,420

OUTGOINGS:

Property Taxes: $800

Insurance: $500

Property Management: $785

TOTAL OUTGOINGS: $2,085

NET ANNUAL INCOME: $7,335

THE NET YIELD/CASH ON CASH RETURN IS THEREFORE A FANTASTIC 16.9%.

Please contact us for further information or to request a reservation form as this great opportunity will not be available for long.

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