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