Three bedroom house City of Rochester, Monroe County, New York, USA 3 Bed Townhouse £44,113 | €49,127 | $59,900 Request a Currency Exchange Quote Here

This large three bedroom house is amazing value at $59,900..

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Property Attributes

Building Characteristics

Detatched

Property Features

Garden, Off Street Parking, Outside Space
Property Description ID:41607648

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
company.

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. .

 

Investment Calculation

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
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