Property for sale in Canton - 41701511 - Advertised on propertyO by Global Investments Incorporated

House for sale

£89,084

Ohio, Stark County, Canton, USA Property ID: 41701511


Property description

This fantastic large three bedroom single family home is located in SW Canton which is just 1.8
miles from the centre of Downtown Canton and is a B Neighbourhood.
The property has three bedrooms, one and a half bathrooms, a full basement and a large rear
garden. The property will be supplied by the seller completely refurbished throughout and made
rental ready. The works are included in the price and will begin as soon as the new owner closes
on the property. Example pictures of the last completed project by the builder are supplied on
pages 2-5 in this brochure. When the works are complete the management company will place
brand new vetted tenants. The house should achieve $1,200 – $1,300 in rent each month. The
tenants could be Section 8 Housing.
SW Canton is primarily made up of medium sized (three or four bedroom) single-family homes
and small apartment buildings. Most of the residential real estate is occupied by a mixture of
owners and renters. The property is just a short walkto Aultman Hospital.

Investment Calculations
Purchase price
$104,900
Gross annual rental income:
$15,600
Property running costs:(Tax, insurance and management costs)
$10,008
Net annual rental income:
$5,592
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

16%

Break even in

6.25 Years.

Contact Global Investments Incorporated about this property

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