Homes Abroad the UK's leading guide to Holiday Homes Abroad

  • 3
  • Ohio
Price £21,093
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Property Description

1638 Wayne St, Toledo, OH 43609 is a 3 bedroom, 1 bathroom single family home which is located in the popular South Side district of Toledo where Zillow predicts prices will increase by 1.6% in the next 12 months.

Built in 1970, this property totals 1,034 square foot plus a garage of 440 square foot on a lot of 4,356 square foot. This is a nice property in a sought after area which is highly recommended and priced to sell now.

The property has been let to section 8 tenants for some time to ensure an excellent income from day one.

Unlike most of our competitors, we take in to account all purchase costs and ongoing expenditure to give you a genuine net yield.

FINANCIAL ANALYSIS:

Sales Price: $33,000

Estimated Closing Costs: $1,000

Agency Fee: $1,500

TOTAL OUTLAY: $35,500

ANNUAL RENTAL INCOME: $7,200

OUTGOINGS:

Property Taxes: $550

Insurance: $500

Property Management: $612

TOTAL OUTGOINGS: $1,662

NET ANNUAL INCOME: $5,538

THE NET YIELD/CASH ON CASH RETURN IS THEREFORE A FANTASTIC 15.6%.

Please contact us for further information or to request a reservation form as this great opportunity will not be available for long.

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