This very nice three bedroom single family home is located in the Josana
neighbourhood in Dutchtown on the North West of Rochester, New York.
The property has three spacious bedrooms, one bathroom, a very nice large open plan
kitchen, large lounge diner and a full basement. The properties furnace and hot water
tank are fairly recent and the house is rental ready. The seller will also provide a brand
new certificate of occupancy.
The management company will place brand new tenants when the new owner closes
on the property. The house should achieve $1,000 – $1,050 in rent each month.

This property is located in Dutchtown, which is in Westside of Rochester, New York.
The house is just 2 miles from downtown Rochester. The Dutchtown neighbourhood is
an area with a increase in new homes, mostly owner occupied, which have been
added through a partnership between Flower City Habitat for Humanity and the
Rochester Housing Authority.

Investment Calculation

Purchase price: 66,900

Gross annual rental income: $12,600

Property running costs: $3,402
(Tax, insurance and management costs)

Net annual rental income: $9,198

Investment calculation - Net Income divided by Purchase price = NET ROI.

Return on investment: 14%