Three bedroom house City of Toledo, Lucas County, Ohio, USA 3 Bed Townhouse £29,765 | €32,830 | $38,500 Request a Currency Exchange Quote Here

This large three bedroom house is amazing value at $38,500 and also tenanted..

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Property Attributes

Building Characteristics

Detatched

Property Features

Garden, Off Street Parking

Lifestyle features

Suburban, Town
Property Description ID:30973581

This huge three bedroom house has been updated throughout and comes with a huge landscaped side garden.The property is located in LaGrange which is a good neighbourhood close to Downtown Toledo. The property is Section 8 approved and it has a new Section 8 tenant who is moving into the house in 10 days time, the rent is paid by the US Government. This property is managed by one of the leading Toledo property management companies.

This property is located in the leafy suburb of LaGrange, just 2.1 miles from Downtown Toledo. LaGrange is a quiet community with great local schools and has lots of local amenities. This property is also very close to the Chrysler Assembly Complex one of the largest car manufacturing sites in the US.

Investment Details

Purchase price: $38,500

Gross annual rental income: $9,000

Property running costs: $2,200
(Tax, insurance and management costs)

Net annual rental income: $6,800

Investment calculation - Net Income divided by Purchase price = NET ROI.

Return on investment: 18%

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