1751 Mansfield Rd, Toledo OH 43613
Here is cute 3 bedroom Section 8 property that is located in a desirable location in West Toledo. This unit has recently been refurbished and is now leased and cash flowing with guaranteed rents paid by the government agency.
This unit is located close to schools, shopping and major highways. Has passed the stringent section 8 inspection within the last month or two. Monthly rent rate is $788 which is below market rate. Similar properties rent for $850 and above.
Annual Rent: $9,456
Management fee: $945
Annual taxes: $600
Annual insurance: $350
Net ROI: 10%