This is a rare opportunity to buy a brick built property in Niagara Falls, brick properties rarely come on the market in Niagara Falls and when they do they are normally priced over $50,000. The house is located in a great area, Zip Code 14303 in Niagara Falls. This Zip Code has great schools and is only a short distance to Downtown. This property was only recently updated and has three large bedrooms, a full basement and a large rear garden This property is under management by a great local property management company.
This property is located in Zip Code 14303, where the average list price is $162,812. 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: $37,000
Gross annual rental income: $8,700
Property running costs: $2,601
(Tax, insurance and management costs)
Net annual rental income: $6,099
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 17%