Two bedroom house Rochester, Monroe County, New York, USA 2 Bed Townhouse £41,167 | €45,846 | $55,900 Request a Currency Exchange Quote Here

This large two bedroom house is amazing value at $55,900..

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Property Attributes

Building Characteristics

Detatched

Property Features

Garden, Off Street Parking, Outside Space
Property Description ID:41605251

This fantastic single family home is located in Plymouth-Exchange, a great neighbourhood along
the Genesee River just South of downtown Rochester, New York.
The property consists of two large bedrooms, one bathroom, a nice lounge diner, a full basement
and a spacious rear garden. The property has a long term tenant that has resided in the house for
the last six years paying $650 in rent each month. Should the tenant leave the rent could be easily
increased to $750 – $775 each month. The tenant is very house proud keeping the house very
clean. The property has recently had a replaced furnace and electric panel.
This property is under management with a great local Rochester property management company.

This property is located in Plymouth-Exchange, which is a great neighbourhood along the
Genesee River just South of downtown Rochester, New York. Due to its close proximity to The
University of Rochester river campus, the neighbourhood a blend of college students and
families. The area is experiencing a surge of redevelopment, including not one but two stages of
the Brooks Landings development bringing even more retail and restaurants into the Jefferson
Avenue hub.

 

Investment Calculation

Purchase price: 55,900

Gross annual rental income: $7,800

Property running costs: $1,659
(Tax, insurance and management costs)

Net annual rental income: $6,141

Investment calculation - Net Income divided by Purchase price = NET ROI.

Return on investment: 11%

Break even in 9.09 Years
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