$38,500 TOLEDO. Lovely Section 8 Property. 15.91% Net Yield.

  • Price: 38500.00 $
  • Bedrooms: 3
  • Bathrooms: 1
  • Size (M2): 99

509 Colburn St, Toledo, OH 43609 is a spacious single family home which has recently been refurbished where necessary. Located in the popular Southside district, the property benefits from 3 bedrooms and an attached garage. Built in 1926, it measures 1,062 square feet on a lot of 2,178 square feet.     

New section 8 tenants are moving in shortly 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:                        $38,500

Closing Costs:                           $1,000

TOTAL OUTLAY:                        $39,500

RENTAL INCOME:                      $8,400

OUTGOINGS:

Property Taxes:                        $900

Insurance:                               $500

Management:                           $714

TOTAL OUTGOINGS:                 $2,114

NET INCOME:                           $6,286

THE NET YIELD IS THEREFORE A FANTASTIC 15.91%

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

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