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Six Bedroom House (ref. 41611487)
Date & Time Listed: 2021-10-18 10:33:04 (GMT)

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 6, Number of Bathrooms: 2
Posted From: United States, New York, Monroe


Ad Details:

This large multi family home is located in Lyell-Otis, a great neighbourhood in the
North West of Rochester, New York.
The property is split into two large three bedroom apartments. There is a three
bedroom on the left side one the property and a large three bedroom apartment
on the right side on the property. The house has had a roof replaced not that long
ago and has tenants in place in both apartments. One tenant is paying $695 each
month in rent and the other paying $725 each month.
This property is under management with a great local Rochester property
management company.
This property is located in Lyell-Otis, which is a great neighbourhood in the North
West of Rochester, New York. The house is just 2.4 miles from downtown
Rochester and walking distance to Jefferson High School. The house is also just
one mile from Lyell Avenue which hosts a multitude of supermarkets, shops,
restaurants and many services.
Investment Calculation
Purchase price: 84,900
Gross annual rental income: $17,040
Property running costs: $5,665
(Tax, insurance and management costs)
Net annual rental income: $11,375
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 14%
Break even in 7.14 Years
This property is a Townhouse for sale.

Other Details:

Number of Bedrooms: 6
Number of Bathrooms: 2

Price: 84,900.00 USD




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