This very nice three bedroom single family home is located in the Dutchtown
neighbourhood in the North West of Rochester, New York.
The property consists of three spacious bedrooms, one bathroom, a nice lounge
diner, a full basement and a spacious rear garden. The tenants in the property have
just vacated and the house will be provided rental ready. The house has a new hot
water tank and the roof was just replaced only a few months ago at a cost of over
$20,000, the house also has a certificate of occupancy valid until 2024.
This management company will place brand new tenants when the new owner
closes on the property paying $950 – $1,000 in rent each month.
This property is located in the Dutchtown neighbourhood, which is in the North West
of Rochester, New York. The house is just 2.3 miles from downtown Rochester. The
neighbourhood is an area with a increase in new homes, mostly owner occupied,
which have been added through a partnership between Flower City Habitat for
Humanity and the Rochester Housing Authority.
Purchase price: 62,900
Gross annual rental income: $12,000
Property running costs: $3,266
(Tax, insurance and management costs)
Net annual rental income: $8,734
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 14%Break even in 7.14 Years