This fantastic four bedroom single family home is located in Edgerton, a great
neighbourhood in the North West of Rochester, New York.
The property consists of four large bedrooms, one bathroom, a nice lounge diner, a
full basement and a spacious rear garden. The property has just been updated
throughout which includes new vinyl windows, new flooring, fresh paint, brand new
stove and fridge with a warranty, new kitchen cabinets and counters and a new
bathroom. The house also has a transferable certificate of occupancy valid until
2025. The management company have brand new tenants moving in shortly paying
$1,050 in rent each month.
This property is located in Edgerton, which is a great neighbourhood in the North
West of Rochester, New York. The house is just 2.7 miles from downtown Rochester
and walking distance to Jefferson High School. The house is also just 5 minutes from
Lyell Avenue which hosts a multitude of supermarkets, shops, restaurants and many
Purchase price: 67,900
Gross annual rental income: $12,600
Property running costs: $2,872
(Tax, insurance and management costs)
Net annual rental income: $9,728
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 15%Break even in 6.6 Years