This large multi family home is located in Lyell-Otis, a great neighbourhood in the
North West of Rochester, New York.
The property is split into two large three bedroom apartments. There is a three
bedroom downstairs and a large three bedroom apartment upstairs. The house
has had Vinyl replacement windows throughout. Both apartments have tenants in
place, one tenant is paying $825 each month in rent and the other paying $875
This property is under management with a great local Rochester property
This property is located in Lyell-Otis, which is a great neighbourhood in the North
West of Rochester, New York. The house is just 2.4 miles from downtown
Rochester and walking distance to Jefferson High School. The house is also just
half a mile from Lyell Avenue which hosts a multitude of supermarkets, shops,
restaurants and many services.
Purchase price: 89,900
Gross annual rental income: $20,400
Property running costs: $3,699
(Tax, insurance and management costs)
Net annual rental income: $16,701
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 19%Break even in 5.26 Years