Six bedroom house

Full Description

This very two apartment multi family home is located in Edgerton, a great neighbourhood
in the North West of Rochester, New York.
The property is divided into two large apartments, you have a large three bedroom
apartment on the left side of the property and a large three bedroom property on the
right side of the property. The house has had a new roof and recently painted and
updated including updated electric and replaced furnaces and hot water tanks within
the last five years. Both apartments have tenants in place each paying $875 in rent each
month.
This property is under management with a great local Rochester property management
company.

This property is located in Edgerton, which is a great neighbourhood in the North West
of Rochester, New York. The house is just 2.6 miles from downtown Rochester and
walking distance to Jefferson High School. The house is also just 5 minutes from Lyell
Avenue which hosts a multitude of supermarkets, shops, restaurants and many services.

 

Investment Calculation

Purchase price: 94,900

Gross annual rental income: $21,000

Property running costs: $2,962
(Tax, insurance and management costs)

Net annual rental income: $78,038

Investment calculation - Net Income divided by Purchase price = NET ROI.

Return on investment: 19%

Break even in 5.26 Years

Key Information

Property ID: 41628017
Price: £69,889
Property Type: Townhouse
Categories:

  • Residential Property
  • House

This large six bedroom house is a rare find at $94,900..