Three bedrooms City of Rochester, Monroe County, New York, USA 3 Bed Townhouse £46,323 | €51,587 | $62,900 Request a Currency Exchange Quote Here

This large three bedroom house is amazing value at $62,900..

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Property Attributes

Building Characteristics

Detatched

Property Features

Garden, Off Street Parking, Outside Space
Property Description ID:41605953

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.

 

Investment Calculation

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
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