5 Star Property In The Five Points Area Of Toledo
$69,900.00Price
We are humbled to bring you another 5 star property in one of our typical bread and butter areas of Toledo. This awesome double story 3 bed, 1.5 bathroom home is a “No Brainer” for anyone looking at building a sizable portfolio with firm foundations. These are exactly the types of properties that everyone at Ohio Cashflow has been buying for their own portfolio and we encourage all of you to do the same. This turnkey investment property is located in the Five Points area of Toledo which is known to be a heavily owner occupied area of town.
The 43612 zip code sits right on the outskirts of the Washington Local School District and is a prime location for both renters and home owners. Renovated comparable sales are extremely strong with prices ranging in the $60,000 - $70,000 with bigger and more appealing properties selling for $75,000+.
The all time high sales price for this property was $104,500 in 2004.
Details
Single Family Home
Property Type: Residential
Property Market: Toledo
Lot Size: 5,663 sq ft
Square Footage: 1,488 sq ft
Bedrooms: 3
Bathrooms: 1.5
Car: Driveway
Property Pro-Forma Details
Monthly Rent: $850
Annual Rent: $10,200
Annual Net Return: $7,130
Cap Rate: 10%
Annual Expenses
Property Tax: $1,450
Insurance: $600
Management: $1,020