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  • 4
  • Ohio
Price £25,567
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Property Description

QUALITY MODERN BUY TO LET DEAL! 115 E Bancroft St, Toledo, Ohio is a newly refurbished 4 bedroom, 2 bathroom single family home which is located in the popular Warren Sherman district to the south of Olde Town. Zillow predicts prices will increase by 7.9% in the next 12 months.

Built in 1998, this property totals 1,400 square foot plus a garage of 280 square foot on a lot of 5,401 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: $40,000

Estimated Closing Costs: $1,000

Agency Fee: $1,500

TOTAL OUTLAY: $42,500

ANNUAL RENTAL INCOME: $8,400

OUTGOINGS:

Property Taxes: $400

Insurance: $500

Property Management: $840

TOTAL OUTGOINGS: $1,740

NET ANNUAL INCOME: $6,660

THE NET YIELD/CASH ON CASH RETURN IS THEREFORE A FANTASTIC 15.67%.

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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