Pennfield Rd., Toledo, OH
$54,900.00Price
This home on Pennfield Rd, Toledo Ohio is a 3 bed, 1 bath home situated on a 5,000 sq ft and located in a very quiet area. This investment property is strategically positioned in the Five Points pocket of Toledo. The Five Points area was known to be heavily owner occupied before the Global Financial Crisis. The work being completed includes: kitchen upgrade, bathroom upgrade, new appliances, plumbing repairs, electrical repairs, new carpet, interior painting and new light fittings.
Renovated comparable properties have been selling between the $50,000 - $60,000 price range.
There are currently 3 active listings for sale within close proximity. 1132 Eleanor Ave has an asking price of $54,900, 4427 Eastway St has an asking price of $54,900 and 131 Kepler Rd has an asking price of $84,900.
The all time high sale price for this property was $45,000 in 1986.
Details
Single Family Home
Property Type: Residential
Property Market: Toledo
Lot Size: 5,000 sq ft
Square Footage: 1,185 sq ft
Bedrooms: 3
Bathrooms: 1
Car: Detached Garage
Property Pro-Forma Details
Monthly Rent: $850
Annual Rent: $10,200
Annual Net Return: $7,340
Cap Rate: 13%
Annual Expenses
Property Tax: $1,300
Insurance: $600
Management: $960