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

  • 2
  • Ohio
Price £16,619
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Property Description

QUALITY BUY TO LET DEAL!

929 Berry St, Toledo, OH 43605 is a newly renovated 2 bedroom single family home located in the popular East Toledo district to the west of Navarre Park.

Built in 1912, this property totals 1,045 square foot plus a garage of 432 square foot on a lot of 3,789 square foot. This is a nice property in a sought after area which is highly recommended and priced to sell now.

Section 8 tenants have signed a new lease and are currently being processed. This means the property will be tenanted prior to the closing (completion) of the sale 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: $26,000

Estimated Closing Costs: $1,000

Agency Fee: $1,500

TOTAL OUTLAY: $28,500

ANNUAL RENTAL INCOME: $6,600

OUTGOINGS:

Property Taxes: $650

Insurance: $500

Property Management: $660

TOTAL OUTGOINGS: $1,810

NET ANNUAL INCOME: $4,790

THE NET YIELD/CASH ON CASH RETURN IS THEREFORE A FANTASTIC 16.81%.

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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