$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.
Sales Price: $42,500
Estimated Closing Costs: $1,000
TOTAL OUTLAY: $43,500
ANNUAL RENTAL INCOME: $9,420
Property Taxes: $800
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.