This very nice three bedroom single family home is located in the Josana neighbourhood in Dutchtown on the North West of Rochester, New York. The property consists of three spacious bedrooms, two bathrooms, a lounge diner, a full basement and a large garden with a detached garage. The house has tenants in place paying $1,200 in rent each month. The current market rent can reach up to $1,800 each month. This property is located in Dutchtown, which is in Westside of Rochester, New York. The house is just 2.4 miles from downtown Rochester. The Dutchtown neighbourhood is an area with a increase in new homes, mostly owner occupied, which have been added through a partnership between Flower City Habitat for Humanity and the Rochester Housing Authority. Investment Calculations Purchase price $94,900 Gross annual rental income: $14,400 Property running costs:(Tax, insurance and management costs) $3,863 Net annual rental income: $10,537 Investment calculation - Net Income divided by Purchase price = NET ROI. Return of investment 11% Break even in 9.09 Years. This property is a House for sale.
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