This fantastic single family home is located in Plymouth-Exchange, a great neighbourhood along
the Genesee River just South of downtown Rochester, New York.
The property consists of two large bedrooms, one bathroom, a nice lounge diner, a full basement
and a spacious rear garden. The property has an updated kitchen and bathroom and the
mechanics are all recent. The house has also long term tenant in place that wishes to stay paying
$1,150 in rent each month.
This property is under management with a great local Rochester property management company.
This property is located in Plymouth-Exchange, which is a great neighbourhood along the
Genesee River just South of downtown Rochester, New York. Due to its close proximity to The
University of Rochester river campus, the neighbourhood a blend of college students and
families. The area is experiencing a surge of redevelopment, including not one but two stages of
the Brooks Landings development bringing even more retail and restaurants into the Jefferson
Purchase price: 64,900
Gross annual rental income: $13,800
Property running costs: $3,407
(Tax, insurance and management costs)
Net annual rental income: $10,393
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 16%Break even in 6.25 Years