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