Rental Package
627 Ashwood Avenue, Toledo, OH
17.16% return
SP:
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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 statusPending
  • 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
  • RoofShingle
  • Water sourceCity water
  • Water disposalSewer
  • HeatingGas Furnace
  • CoolingWindow A/C

Property Financial Summary

  • Sale price $240,000
  • Estimated rehab 1 $0
  • Total investment $240,000
  • Type Proforma
  • Gross income (annually) $59,400
  • Operating expenses (annually) $18,212
  • Net income (annually) $41,188
  • Gross return 24.75%
  • Gross income (monthly) $4,950
  • Operating expenses (monthly) $1,518
  • Net income (monthly) $3,432
  • Net return 17.16%

Property Income & Expenses

  • Income
  • 1932 Chase St
  • 4 bed / 1 bath $675/month $8,100/year
  • 218 Kevin Pl
  • 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 Ave
  • 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.

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