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This Is The Closest You'll Get To Paradise In Ohio

This Is The Closest You'll Get To Paradise In Ohio

$59,900.00Price
This 2 bedroom, 1 bathroom property is the best slice of paradise that Toledo has to offer. This awesome bungalow also features a full basement, large yard, eat-in kitchen and a fantastic back yard with a basket ball hoop. The beauty of owning small 2 bedroom homes that are under 1,000 sq ft in size is that many tenants find them attractive due to lower utility bills. On the other hand, you as the owner will also have lower maintenance costs as everything is smaller and thus making it cheaper.

Located in the 43612 zip code and right on the outskirts of the Washington Local School District, this turnkey property is renovated and ready for the right investor. Comparable sales in the area are very strong with prices ranging in the $55,000 - $60,000 and some even pushing $70,000+.

The all-time high sales price for this property is $71,000 in 2006.
  • Details

    Property Type: Residential
    Property Market: Toledo
    Lot Size: 4,800 sq ft
    Square Footage: 686 sq ft
    Bedrooms: 2
    Bathrooms: 1

    Property Pro-Forma Details
    Monthly Rent: $800
    Annual Rent: $9,600
    Annual Net Return: $6,900
    Cap Rate: 12%

    Annual Expenses
    Property Tax: $1,240
    Insurance: $500
    Management: $960
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