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

  • Price: 29500.00 $
  • Bedrooms: 2
  • Bathrooms: 1
  • Size (M2): 70

RESERVED. 139 Kenmore Avenue, Toledo, OH 43609 is a 2 bedroom single home which is located in the South Side district and benefits from a detached garage.

The property measures 753 sq. ft. on a lot of 3,200 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 18.9% 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:                        $29,500

Closing Costs:                           $1,000

TOTAL OUTLAY:                        $30,500

 

RENTAL INCOME:                      $7,800

 

OUTGOINGS:

Property Taxes:                        $862

Insurance:                               $500

Management:                           $663

TOTAL OUTGOINGS:                 $2,025

 

NET INCOME:                           $5,775

THE NET YIELD IS THEREFORE A FANTASTIC 18.9%

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

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