$39,000 TOLEDO. Refurbished 3 Bed Section 8 House. 16.65% Net Yield.

  • Price: 39000.00 $
  • Bedrooms: 3
  • Bathrooms: 1
  • Size (M2): 122

140 W Park St, Toledo, OH 43608 is a 3 bedroom single family home which is located in the popular La Grange district.

The property measures 1,318 sq. ft. on a lot of 3,920 sq.ft. It has recently been renovated to section 8 standards and new section 8 tenants are moving in shortly on a renewable 12 month lease 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 16.65% 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:                        $39,000

Closing Costs:                           $1,000

TOTAL OUTLAY:                        $40,000

 

RENTAL INCOME:                      $8,700

 

OUTGOINGS:

Property Taxes:                        $800

Insurance:                               $500

Management:                           $740

TOTAL OUTGOINGS:                 $2,040

 

NET INCOME:                           $6,660

THE NET YIELD IS THEREFORE A FANTASTIC 16.65%

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

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