Three bedroom house City of Toledo, Lucas County, Ohio, USA 3 Bed Townhouse £34,712 | €38,288 | $44,900 Request a Currency Exchange Quote Here

This large three bedroom house is amazing value at $44,900 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:31066421

This huge three bedroom house is located in West Toledo, which is considered one of the best areas in Toledo, the average list price for West Toledo is $61,656. The property has just been refurbished and is Section 8 approved, it has a new Section 8 tenant being placed within the next 10 days, the rent is paid directly by the US Government. The property also comes with a very large rear garden, a full basement and new carpets and paint.This property is managed by one of the leading Toledo property management companies.

West Toledo is seen as one of the best areas in Toledo, it is very close to the University of Toledo and also close to Five Points which is another great area, it is just five miles from the centre of Downtown Toledo.

Investment Details

Purchase price: $44,900

Gross annual rental income: $11,280

Property running costs: $2,378
(Tax, insurance and management costs)

Net annual rental income: $8,902

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

Return on investment: 20%

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