$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!
Purchase Price: $38,500
Closing Costs: $1,000
TOTAL OUTLAY: $39,500
RENTAL INCOME: $8,400
Property Taxes: $900
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.