This fantastic three bedroom single family home is located in the Northland-Lyceum
neighbourhood in the North East of Rochester, New York.
The property consists of three spacious bedrooms, one bathroom, a nice lounge diner
and a full basement. The house has newer vinyl siding, thermopane and glass block
windows and an enclosed porch. The property has great long term tenants already in
place paying $850 in rent each month that have resided in the property for over 5 years
and wishes to stay. The seller will also supply a new certificate of occupancy on closing.
This property is under management with a great local Rochester property management
This property is located in the Northland-Lyceum neighbourhood, which is in the North
East of Rochester, New York. The house is just 2.3 miles from downtown Rochester. The
house is also just 1.3 miles from The Market District which contains some wonderful
restaurants, bakeries, and coffeehouses. A very popular part of Rochester. .
Purchase price: 59,900
Gross annual rental income: $10,200
Property running costs: $2,200
(Tax, insurance and management costs)
Net annual rental income: $8,000
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 14%Break even in 7.14 Years