This nice three bedroom single family home is located in Lyell-Otis, a great
neighbourhood in the North West of Rochester, New York.
The property is split into three spacious bedrooms a nice living room with open plan
kitchen and a full basement. The previous owner has recently just spent $5,000 on a
brand new water service line so new owner will never have to be concerned with sewage
back up. The house also a certificate of occupancy good until 2027 and also passed its
lead test this January. There are good tenants in place that have resided in the house for
over 3 years paying $725 in rent each month.
This property is under management with a great local Rochester property management
This property is located in Lyell-Otis, which is a great neighbourhood in the North West of
Rochester, New York. The house is just 2.5 miles from downtown Rochester and walking
distance to Jefferson High School. The house is also just 1 mile from Lyell Avenue which
hosts a multitude of supermarkets, shops, restaurants and many services.
Purchase price: 41,900
Gross annual rental income: $8,700
Property running costs: $2,601
(Tax, insurance and management costs)
Net annual rental income: $6,099
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 15%Break even in 6.6 Years