Four bedroom house, City of Rochester, USA
City of Rochester, Monroe County, New York, USA
Property ID: 41623399
Summary Data
| Price | £63,607 |
| Price Type | |
| Bedrooms | Studio |
| Bathrooms | 2 - Bath |
| Plot Size | |
| Building Size |
| Sector | Residential |
| Type | Houses |
| Subtype | Townhouse |
| Tenure | |
| Completion | |
| Parking |
Location Map
Property Description
This great two apartment multi family home is located in Edgerton, a great
neighbourhood in the North West of Rochester, New York.
The property is divided into two large two bedroom apartments, you have a large two
bedroom apartment upstairs and a large two bedroom apartment downstairs. The
property has one newer furnaces & updated electrics. Both apartments have tenants in
place. One tenant is paying $650 in rent and the other is paying $700 in rent each month.
The house is under management with a great local Rochester property management
company.
This property is located in Edgerton, which is a great neighbourhood in the North West of
Rochester, New York. The house is just 2 miles from downtown Rochester and right
opposite Jefferson High School. The house is also just 5 minutes from Lyell Avenue
which hosts a multitude of supermarkets, shops, restaurants and many services.
Investment Calculation
Purchase price: 74,900
Gross annual rental income: $16,200
Property running costs: $3,941
(Tax, insurance and management costs)
Net annual rental income: $12,259
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 17%
Break even in 5.8 Years