AMAZING 2 Bed on the outskirts of Washington Local
$49,900.00Price
Check out this low maintenance 2 bedroom, 1 bathroom home with a detached garage. The property is located right up the road from a local neighbourhood park making it a perfect rental for a young family. The work being completed includes: kitchen upgrade, bathroom upgrade, plumbing repairs, electrical repairs, new carpet, interior paint, new light fittings and many more updates!
This turnkey property is located in the 43612 zip code and right on the outskirts of the Washington Local School District. The 43612 zip code is the bread and butter target market for Ohio Cashflow and all of its investors. Although there are many foreclosures in the area renovated comparable sales are very strong with prices ranging in the $45,000 - $50,000 and some even pushing $60,000+.
Details
Single Family Home
Property Type: Residential
Property Market: Toledo
Lot Size: 3,700 sq ft
Square Footage: 992 sq ft
Bedrooms: 2
Bathrooms: 1
Car: Detached Garage
Property Pro-Forma Details
Monthly Rent: $750
Annual Rent: $9,000
Annual Net Return: $6,500
Cap Rate: 13%
Annual Expenses
Property Tax: $1,100
Insurance: $500
Management: $900