Get Pretty In Pink With This Cashflow Property
$69,900.00Price
In the words of John Mellencamp - "Ain't that America Home of the free, yeah. Little pink houses. For you and me." Get Pretty In Pink with this stunning two story, 3 bed, 2 bath home located in a sold B class area. There is no record of this property ever being sold so that indicates the quality of area along with with how heavily owner occupied it it.
This turnkey investment property is located in the 43612 zip code. An area of Toledo that was predominantly owner occupied before the Global Financial Crisis and now being mixed with owner occupied homes and investor owner rentals. The beauty of most parts of this area is close proximity to the Washington Local School District which give is an overflow of awesome tenants wanting to live in great neighborhoods. The properties in this area also offer a fantastic exit strategy as the sale can be catered to an investor or an owner occupier.
Details
Single Family Home
Property Type: Residential
Property Market: Toledo
Lot Size: 5,700 sq ft
Square Footage: 1491 sq ft
Bedrooms: 3
Bathrooms: 2
Parking: 1 Car Garage
Property Pro-Forma Details
Monthly Rent: $850
Annual Rent: $10,200
Annual Net Return: $7,080
Cap Rate: 10%
Annual Expenses
Property Tax: $1,500
Insurance: $600
Management: $1,020