Rental Package

627 Ashwood Avenue, Toledo, OH

17.16% return

SP: $240,000

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Property Description

Cash cow rental package!!!

Package consists of 4 single family homes and 2 duplexes. Total of 8 units. Large units. All rented. Amazing income, 17%+ return on investment! Property will go up in value as Toledo market appreciates. Do not miss out on this opportunity. Grow your wealth, buy them before prices go up. Very inexpensive properties to own and operate.

Professional management and financing is available.

Property Information

Listing statusSold
Property typeSingle Family (6 properties)
Total units8
Total bedrooms21
Total bathrooms9
Building size9354 sq. ft.
Lot size0.6 acres
Year built1877 - 1912

CountyLucas County
SubdivisionMCCASKEYS MULBERRY
ConstructionFrame
RoofAsphalt Shingle
Water sourceCity water
Water disposalSewer
HeatingGas Furnace
CoolingWindow A/C

Property Financial Summary

Sale price$240,000
Estimated rehab¹$0
Total investment$240,000

TypeProforma

Gross income (annually)$59,400
Operating expenses (annually)$18,212
Net income (annually)$41,188
Gross return24.75%

Gross income (monthly)$4,950
Operating expenses (monthly)$1,518
Net income (monthly)$3,432
Net return17.16%

Property Income & ExpensesMonthlyAnnual

Income

1932 Chase Street
4 bed / 1 bath$675/month$8,100/year
218 Kevin Place
3 bed / 2 bath$750/month$9,000/year
520 Maumee Avenue, Duplex
Unit 1: 2 bed / 1 bath$550/month$6,600/year
Unit 2: 2 bed / 1 bath$550/month$6,600/year
540 Eastern Avenue, Duplex
Unit 1: 2 bed / 1 bath$550/month$6,600/year
Unit 2: 2 bed / 1 bath$550/month$6,600/year
627 Ashwood Avenue
3 bed / 1 bath$650/month$7,800/year
905 Norwood Avenue
3 bed / 1 bath$675/month$8,100/year
Total$4,950/month$59,400/year

Expenses

Property Taxes$213/month$2,552/year
Insurance (estimated)$333/month$4,000/year
Maintenance reserve$317/month$3,800/year
Property Management$495/month$5,940/year
Water and Sewer$160/month$1,920/year
Total$1,518/month$18,212/year

Property Questions & Answers

Q: How do I make an offer on this property?
A: Placing an offer is a simple process. All offers must be presented in writing with an escrow deposit of 10% or $5,000, whichever is larger. Escrow has to be sent to the attorney or title company who is handling the file for this property. Please send us an inquiry and one of our team members will get in touch with you to further assist you. You can also give us a call.

Q: Does this property come with clear title?
A: All our properties come with clear title. We highly recommend you purchase title insurance as well.