This large multi-family house is located in a great area, Zip Code 14301 in Niagara Falls. This Zip Code has great schools and is only a short distance to Downtown and the Hyde Park Golf Course. This house is made up of two very large two bedroom apartments, both apartments are in a great condition and both apartments have new tenants in place. This house is also managed by one of the leading Niagara Falls property management companies.
This property is located in Zip Code 14301 Niagara Falls which is a great area with good schools and lots of local amenities. It is very close to the Hyde Park Municipal Golf Course which is the main golf course in Niagara.
Purchase price: $45,400
Gross annual rental income: $11,400
Property running costs: $4,408
(Tax, insurance and management costs)
Net annual rental income: $6,992
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 16%