Washington Local Beauty
$59,900.00Price
This low maintenance 2 bedroom, 1 bathroom property is perfect for a long term buy & hold. The property sits on a 5,400 sq ft lot and is strategically positioned further back making the front yard enormous. The work being completed includes: complete bathroom overhaul, new windows, plumbing repairs, new furnace, electrical repairs, new carpet, interior paint new light fittings many more updates!
This turnkey property is located in the Washington Local School District, an area that has a high demand from both home owners and tenants. The Washington Local School District is one of the most desirable areas in Toledo and is this property is a perfect rental for a single parent or small family.
Renovated comparable properties are known to sell in the $50,000 - $60,000 price range with a much larger home situated right across the road selling for $105,000 early in 2015.
The all time high sales price for this property was $68,000 in 2000.
Details
Single Family Home
Property Type: Residential
Property Market: Toledo
Lot Size: 5,400 sq ft
Square Footage: 840 sq ft
Bedrooms: 2
Bathrooms: 1
Car: Car Space
Property Pro-Forma Details
Monthly Rent: $800
Annual Rent: $9,600
Annual Net Return: $6,840
Cap Rate: 11%
Annual Expenses
Property Tax: $1,300
Insurance: $500
Management: $960