Three bedroom house City of Toledo, Lucas County, Ohio, USA 3 Bed Townhouse £27,911 | €31,083 | $37,900 Request a Currency Exchange Quote Here

This large three bedroom house is a rare find at $37,900..

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Property Attributes

Building Characteristics

Detatched

Property Features

Garden, Off Street Parking, Outside Space
Property Description ID:41625816

This three bedroom house is located in LaGrange and offers incredible value for
money.
This property was recently refurbished throughout including new carpets and paint
and comes with three large bedrooms, a full basement and a large rear garden.
The property is Section 8 approved and it has Section 8 tenants in place that have
resided in the property for over 3 years. The rent is paid direct to landlord via the
City of Toledo.
The property is under management with a great local Toledo management
company.

This property is located in the leafy suburb of LaGrange, just 2.6 miles from
Downtown Toledo. LaGrange is a quiet community with great local schools and has
lots of local amenities. The house is just a short walk to Woodward High School.
The property is less than 3 miles to downtown Toledo and is also very close to the
Chrysler Assembly Complex one of the largest car manufacturing sites in the US.

Investment Calculation

Purchase price: 37,900

Gross annual rental income: $8,100

Property running costs: $1,805
(Tax, insurance and management costs)

Net annual rental income: $6,295

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

Return on investment: 17%

Break even in 5.8 Years
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