This three bedroom house is located in LaGrange and offers incredible value for
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
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.
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