$30,500 TOLEDO. Refurbished And Section 8 Tenanted Home. 15.2% Net Yield

  • Price: 30500.00 $
  • Bedrooms: 2
  • Bathrooms: 1
  • Size (M2): 61

1846 Marne Ave, Toledo, OH 43613 is a 2 bedroom single family home which has recently been renovated. Located in the De Veaux district, the property was built in 1924 and measures 650 square feet on a lot of 3,049 square feet.  

Section 8 tenants are already in residence on a renewable 12 month contract to ensure an excellent income from day one.

This property is priced to sell now and offers an excellent net yield.

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:                        $30,500

Closing Costs:                           $1,000

TOTAL OUTLAY:                        $31,500

RENTAL INCOME:                      $7,200

OUTGOINGS:

Property Taxes:                        $1,200

Insurance:                               $600

Management:                           $612

TOTAL OUTGOINGS:                 $2,412

NET INCOME:                           $4,788

THE NET YIELD IS THEREFORE A FANTASTIC 15.2%

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

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