Enormous Property With Great Comparable Sales
$69,900.00Price
Now this enormous property is just something else. Check out this 3 bedroom, 2 bathroom home with a detached double garage, located in the Dayton suburb of Moraine. The property is situated right off S Dixie Ave and within a 5min drive of shops and amenities. 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 investment property is located in a neighbouring suburb South of Dayton called Moraine. Moraine is well known for its manufacturing history and as of recent the GM Moraine Assembly which was purchased by China-based Fuyao Glass Industry Group. They plan to begin large glass manufacturing operations in late 2015.
The all time high sale price for this property was $92,500 in 2008.
Details
Single Family Home
Property Type: Residential
Property Market: Moraine
Lot Size: 4,809 sq ft
Square Footage: 1,514 sq ft
Bedrooms: 3
Bathrooms: 2
Car: Detached Double Garage
Property Pro-Forma Details
Monthly Rent: $900
Annual Rent: $10,800
Annual Net Return: $8,336
Cap Rate: 12%
Annual Expenses
Property Tax: $1,000
Insurance: $600
Management: $864