Global Property Guide

Financial Information for the Residential Property Buyer

Townhouse

Full Description

This great 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 two bedroom apartments, you have a large two
bedroom apartment upstairs and a large two bedroom apartment downstairs. The
property has two newer furnaces & updated electrics. One of the apartments has a
tenant in place that has been living in the property with a great payment record paying
$800 in rent each month and wants to stay. The downstairs apartment is rental ready,
The management company will place brand new tenants also paying $800 each
month when the new owner closes on the property.

This property is located in Edgerton, which is a great neighbourhood in the North West
of Rochester, New York. The house is just 2 miles from downtown Rochester and right
opposite 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: 79,900

Gross annual rental income: $19,200

Property running costs: $3,290
(Tax, insurance and management costs)

Net annual rental income: $15,910

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

Return on investment: 20%

Break even in 5 Years

Key Information

Property ID: 41623402
Location: USA, New York, Monroe County, City of Rochester
Categories:
  • House
  • Townhouse
Bedrooms: 4
Bathrooms: 2
Price:
  • £58,842
  • €65,530
  • $79,900
Short Description:

This huge four bedroom multi unit is a rare find at $79,900..