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Price: $65,000

860 Hampton Ave, Toledo OH 43609

This is a solid rental in South End of Toledo.  This property has been leased to the same tenant for over 3 years.  Located in an area where there is high demand for rentals.  This unit is leased at $800 monthly which is most likely below its potential rent.  Rents can be increased by applying to the housing agency to increase overall returns.

Annual Rent: $9,600

Management fee: $960

Annual taxes: $1300

Annual insurance: $350

Net ROI: 11%