Three bedroom house City of Toledo, Lucas County, Ohio, USA 3 Bed Townhouse £27,368 | €30,187 | $35,400 Request a Currency Exchange Quote Here

This stunning three bedroom house is amazing value at $35,400 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:31698365

This large 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 the leafy suburb of LaGrange, just 3.7 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: $35,400

Gross annual rental income: $8,220

Property running costs: $1,922
(Tax, insurance and management costs)

Net annual rental income: $6,298

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

Return on investment: 18%

 

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