Seven bedroom house, City of Rochester, USA

This fantastic large two apartment multi family home is located in Edgerton, a great
neighbourhood in the North West of Rochester, New York.
The property is split into two large apartments. One apartment is a large five bedroom, two
bathroom apartment which has a very good long term tenant in place with a great payment
history paying $950 in rent each month. The second apartment is a two bedroom apartment
which was just vacated and is just being made rental ready by the owner. The management
company will place brand new tenants when the new owner closes on the property paying
$800 in rent each month.
This property 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 1.5 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 services.

Investment Calculation

Purchase price: 114,900

Gross annual rental income: $21,000

Property running costs: $5,854
(Tax, insurance and management costs)

Net annual rental income: $15,146

Investment calculation - Net Income divided by Purchase price = NET ROI.

Return on investment: 14%