Cash Flowing 3/1 With Low Buy In Offers Great Return

544 E Central Ave, Toledo, OH 43608

$27,800 After Repair Value -
$17,500 Asking Price -
$3,342 Cost of Repairs =
$6,958 Potential Profit

Property Details

Asking Price $17,500

After Repair Value $27,800

Costs of Repairs $3,342

Potential Profit $6,958

Living Area 900 ft2

Property Type Single Family House

Bedrooms 3

Bathrooms 1

Half Bathrooms 0

Parking 1

Listed with Agent No

EPI (Estimated Potential Income)

Potential Rental Income $7,800

Yearly Expenses $2,100

Property Taxes $438

Net Operating Income $5,700

Cap Rate N/A

Property Description

Currently tenant occupied for $650/mo + utilities, this cute bungalow was renovated two years ago. New siding, updated kitchen and bath, new carpeting and tile, paint, and light fixtures were already done for the next landlord. This rental is perfectly located with easy access to I-75 and I-280, bordering Toledo\'s Historic Districts. Very close to many parks, libraries, great schools, Lake Erie, University of Toledo, Toledo Museum of Art, Toledo Zoo Aquarium, and the Maumee Riverfront.

Repairs Needed

The roof is old but doesn\'t currently leak. Since the age is unknown, the replacement cost was figured into the pricing.

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