This fantastic four bedroom house is located in Baden, a thriving middle class neighbourhood which is one of the most stable neighbourhoods in the city and is just a short drive to Herzog Elementary school. The home has 4 large bedrooms, two bathrooms and a large lounge diner. The property is currently being refurbished throughout. Brand new tenants will be placed by the management company paying $1,000 in rent each month when the new owner closes on the property.The tenants will be Section 8 housing so the rent will be guaranteed and paid by the US Government.
Property Details
• Four bedrooms.
• Two bathrooms.
• 1,728 sqft built.
• 7,652 soft lot.
• Fully managed.
• Local staff.
• Garden.
• Tenanted.
Investment Calculation
Purchase price: 48,900
Gross annual rental income: $12,000
Property running costs: $2,074
(Tax, insurance and management costs)
Net annual rental income: $9,926
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 21%
Break even in 4.76 Years