2232 Marlow Road, Toledo Ohio 43613

2232 Marlow Rd, Toledo, OH 43613

House Sold - Toledo Ohio

Owner Financing Available!

This beautiful home has 2 large bedrooms and carpet throughout. Property has a good size back yard with a shed. Also has fireplace in living room. This property is in great condition and is an excellent property investment. It is currently rented with a solid tenant.

Joint Venture Opportunities

Characteristics

Bedrooms:          2 beds

Bathrooms:         1 bath

Single Family:     938 sq. ft.

Lot Size:               5,227 sq. ft.

Year Built:           1939

Stories:                1 with Attic/Basement

Parking:               1 Car Attached Garage

Price

$50,000

Income (numbers are based on an annual basis and current rental amount)             

$8,700 ($725 month)

Expense              

$1798.68 Mortgage 6% P&I (50% down))

$1,772   Taxes

$620      Insurance

$435      Maintenance (%)

$435      Vacancy (5%)

$696      Management @ 8%

Net Income                                      Cash-on-Cash Return    

$2,943.32 ($245.28 Monthly)                      11.8%

Owner will finance for 5 years with 50% down at 6% P&I amortized over 30 years.

*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.