$39,200 TOLEDO. Refurbished And Tenanted Modern 4 Bed House. 16.13% NET Yield

  • Price: 39200.00 $
  • Bedrooms: 4
  • Bathrooms: 1
  • Size (M2): 133

QUALITY MODERN BUY TO LET DEAL! 207 E Bancroft St, Toledo, Ohio is a newly refurbished 4 bedroom, 1 bathroom single family home which is located in the popular Warren Sherman district to the south of Olde Town and directly to the north of Inez Nash Park which offers a range of recreational facilities. Zillow predicts prices in Warren Sherman district will increase by 5.5% in the next 12 months.

Built in 1998, this property totals 1,436 square foot plus an attached garage on a lot of 3,735 square foot. This is a nice property in a sought after area which is highly recommended and priced to sell now.

The property is already tenanted 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: $39,200

Estimated Closing Costs: $1,000

TOTAL OUTLAY: $40,200

ANNUAL RENTAL INCOME: $8,400

OUTGOINGS:

Property Taxes: $700

Insurance: $500

Property Management: $714

TOTAL OUTGOINGS: $1,914

NET ANNUAL INCOME: $6,486

THE NET YIELD/CASH ON CASH RETURN IS THEREFORE A FANTASTIC 16.13%.

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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