Three bedroom house City of Toledo, Lucas County, Ohio, USA 3 Bed Townhouse £28,218 | €31,125 | $36,500 Request a Currency Exchange Quote Here

This large three bedroom house is amazing value at only $36,500 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:31694718

This huge three bedroom house has been refurbished to a Section 8 standard including new carpets and paint, updated kitchen and new light fixtures. There are three large bedrooms, two bathrooms, a full basement, a dining room and a large rear garden. There is a new Section 8 tenant being placed in two weeks 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 East Toledo which is a great family area close to the Maumee river. The location of this property is perfect for long term renting, it only 2.8 miles from Downtown Toledo and close to Navarre Park.

Investment Details

Purchase price: $36,500

Gross annual rental income: $8,928

Property running costs: $2,142
(Tax, insurance and management costs)

Net annual rental income: $6,786

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

Return on investment: 19%

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