1740 Marne Ave, Toledo Ohio 43613

1740 Marne Ave., Toledo, Ohio 43613

House Sold - Toledo Ohio

Description

Beautiful bungalow with freshly painted exterior! Lots of original details inside: gas fireplace, hardwood floors, natural woodwork and solid doors. Large living room. Slate tile floor in kitchen. Full unfinished basement. Attic dormer can be finished to create another bedroom, office/den, or family room. Covered front porch. All appliances stay. Great starter home – unbeatable value

Characteristics

Bedrooms:           2 beds

Bathrooms:         1 bath

Single Family:     840 sq. ft.

Lot Size:           4,791 sq. ft.

Year Built:         1927

Stories:            1 with Basement

Parking:            Detached 1-car Garage

Price

$56,900

Income (numbers are based on an annual basis)  

$9,000 ($750 month)

Expense              

$0.00     Mortgage (25% down)

$1,137 Taxes

$620      Insurance

$450      Maintenance (5%)

$450      Vacancy (5%)

$720      Management @ 8%

$3,377 Total Expense

Net Income       

$5,623 ($468.58 Monthly)

Cap Rate            

9.8%

 Incentives

1)  Discounted Property Management

2)  Free 1 Year Maintenance Guarantee

3)  3 Year Placement Guarantee

***All information provided is approximate and should be verified by the purchaser. There are no guarantees information is accurate.

****ROI is determined by cash flow, market appreciation, tax savings, principal pay down, and rental income. Past performance is no guarantee of future results and individual results may vary. The information and any statistical data contained herein have been obtained from sources which we believe to be reliable, but we do not represent that they are accurate or complete, and they should not be relied upon as such. All opinions expressed and data provided herein are subject to change without notice. Past performance is no guarantee of future results, and current performance may be lower or higher than the performance data quoted. Results shown here are not typical, results will vary based upon real estate prices, interest rates, creditworthiness and many other factors. All information provided is approximate and should be verified by the purchaser. There are no guarantees information is accurate.