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Loxley Rd., Toledo, OH

Loxley Rd., Toledo, OH

$38,900.00Price
This home on  Loxley Rd, Toledo Ohio is a neat and tidy 2 bed, 1 bath home with a fenced in back yard and an enclosed rear porch. This investment property is situated on a low maintenance 5,800 sq ft lot. The work being completed includes: kitchen upgrade, bathroom upgrade, new window trim throughout, new door frames throughout, new laminate floorboards, minor electrical repair, minor plumbing, new carpet, minor crack repair in foundation & new light fittings.

This turnkey property is located in the heart of West Toledo, within close proximity to shops, major highways and a 15min walk from ProMedica Toledo Hospital.

Renovated comparable properties in the area have been known to sell for as high as $90,000 with a recent sale across the road selling for $48,000. The all time high sales price for this property was $44,500 in 2005.
  • Details

    Single Family Home

    Property Type: Residential
    Property Market: Toledo
    Lot Size: 5,800 sq ft
    Square Footage: 804 sq ft
    Bedrooms: 2
    Bathrooms: 1
    Car: Driveway

    Property Pro-Forma Details
    Monthly Rent: $700
    Annual Rent: $8,400
    Annual Net Return: $5,810
    Cap Rate: 15%

    Annual Expenses
    Property Tax: $1,350
    Insurance: $500
    Management: $840
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