SOLD. $28,000 TOLEDO. Refurbished Section 8 Home. 19% NET Yield

  • Price: 28000.00 $
  • Bedrooms: 2
  • Bathrooms: 1
  • Size (M2): 80

SOLD. 1031 Harding Drive, Toledo, OH 43609 is a 2 bedroom single family home which is located in the South Side district just a block to the north of Danny Thomas Park.

The property measures 858 sq. ft. on a lot of 4,300 sq.ft. It has recently been refurbished to section 8 standards and new section 8 tenants are lined up to move in shortly and prior to the completion of the sale to ensure an excellent income from day one. This means your rent will be paid monthly directly by the government!

This property is priced to sell now and offers an excellent net yield of 19% per annum.

Unlike many of our competitors, we take into account all closing and ongoing costs to give you a genuine net yield!

KEY FIGURES:

Purchase Price:                        $28,000

Closing Costs:                           $1,000

TOTAL OUTLAY:                        $29,000

 

RENTAL INCOME:                      $7,200

 

OUTGOINGS:

Property Taxes:                        $600

Insurance:                               $500

Management:                           $612

TOTAL OUTGOINGS:                 $1,712

 

NET INCOME:                           $5,488

THE NET YIELD IS THEREFORE A FANTASTIC 19%

For further information or to reserve this property, please complete the enquiry form as soon as possible.

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RESERVED. $29,000   TOLEDO.  Refurbished Section 8 Home. Impressive 18.9% Net Yield.