Two bedroom house, Rochester, USA

This single family home is located in Mayor’s Heights, a great neighbourhood
along the Genesee River just South of downtown Rochester, New York.
The property consists of two spacious bedrooms, one bathroom, a nice lounge
diner, a full basement and a spacious rear garden. The property has a tenant in
place paying $1,000 in rent each month. There is a new roof, new mechanics,
vinyl siding, thermopane windows and all new flooring, plus a new kitchen and
new ceramic tiled bathroom floor.
This property is under management with a great local Rochester property
management company.

This property is located in Mayor’s Heights, which is a great neighbourhood along
the Genesee River just South of downtown Rochester, New York. Mayor’s Heights
has mix of older and newer residences, commercial and retail establishments,
and busy workplaces. The house is just a short walk to Rochester early college
Into high school and is just 1.8 miles from downtown Rochester.

Investment Calculation

Purchase price: 69,900

Gross annual rental income: $12,000

Property running costs: $3,525
(Tax, insurance and management costs)

Net annual rental income: $8,475

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

Return on investment: 13%