Cheap Duplex!!
949 Forsythe St, Toledo, OH
15.06% return
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Property Description

Awesome Rental!!

One unit is rented to a long term section 8 tenant who has been there for 9 years. Property has a newer roof. No major repairs are needed. Steal this property today and get a 15%+ net return on investment. Very low expenses and very easy to maintain. Located in a major city.

Professional property management and financing is available.

Property Information

  • Listing statusActive
  • Property typeMulti Family
  • Total units2
  • Total bedrooms5
  • Total bathrooms2
  • Building size2564 sq. ft.
  • Lot size0.1 acres
  • Year built1902
  • CountyLucas County
  • Subdivision
  • ConstructionFrame
  • RoofShingle
  • Water sourceCity water
  • Water disposalSewer
  • HeatingGas Furnace
  • CoolingWindow A/C

Property Financial Summary

  • Sale price $59,900
  • Estimated rehab 1 $0
  • Total investment $59,900
  • Type Proforma
  • Gross income (annually) $13,200
  • Operating expenses (annually) $4,178
  • Net income (annually) $9,022
  • Gross return 22.04%
  • Gross income (monthly) $1,100
  • Operating expenses (monthly) $348
  • Net income (monthly) $752
  • Net return 15.06%

Property Income & Expenses

  • Income
  • Unit 1: 3 bed / 1 bath $550/month $6,600/year
  • Unit 2: 2 bed / 1 bath $550/month $6,600/year
  • Total $1,100/month $13,200/year
  • Expenses
  • Property Taxes $88/month $1,058/year
  • Insurance (estimated) $67/month $800/year
  • Water and Sewer $80/month $960/year
  • Lawn care $30/month $360/year
  • Maintenance reserve $83/month $1,000/year
  • Total $348/month $4,178/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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