Two bedroom house, Rochester, USA
Rochester, Monroe County, New York, USA
Property ID: 41605251
Summary Data
Price | £47,472 |
Price Type | |
Bedrooms | Studio |
Bathrooms | 1 - Bath |
Plot Size | |
Building Size |
Sector | Residential |
Type | Houses |
Subtype | Townhouse |
Tenure | |
Completion | |
Parking |
Location Map
Property Description
This fantastic single family home is located in Plymouth-Exchange, a great neighbourhood along
the Genesee River just South of downtown Rochester, New York.
The property consists of two large bedrooms, one bathroom, a nice lounge diner, a full basement
and a spacious rear garden. The property has a long term tenant that has resided in the house for
the last six years paying $650 in rent each month. Should the tenant leave the rent could be easily
increased to $750 – $775 each month. The tenant is very house proud keeping the house very
clean. The property has recently had a replaced furnace and electric panel.
This property is under management with a great local Rochester property management company.
This property is located in Plymouth-Exchange, which is a great neighbourhood along the
Genesee River just South of downtown Rochester, New York. Due to its close proximity to The
University of Rochester river campus, the neighbourhood a blend of college students and
families. The area is experiencing a surge of redevelopment, including not one but two stages of
the Brooks Landings development bringing even more retail and restaurants into the Jefferson
Avenue hub.
Investment Calculation
Purchase price: 55,900
Gross annual rental income: $7,800
Property running costs: $1,659
(Tax, insurance and management costs)
Net annual rental income: $6,141
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 11%
Break even in 9.09 Years