This very large three bedroom house is located in a great area, Zip Code 14305 in Niagara Falls. This Zip Code has great schools and is only a short distance to Downtown. This property has been updated throughout and has three large bedrooms a full basement and very large rear garden This property is under management by one of the leading Niagara Falls management companies, the management company have just placed a tenant paying $675 rent a month.
This property is located in Zip Code 14305, where the average list price is $64,836. It is very close to the Hyde Park Municipal Golf Course which is the main golf course in Niagara, it is also close to great schools and colleges.
Purchase price: $33,000
Gross annual rental income: $8,100
Property running costs: $2,510
(Tax, insurance and management costs)
Net annual rental income: $5,590
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 17%