870 Spencer St, Toledo OH 43609
Priced to sell! A 3 bedroom property located in South Toledo where there is high demand for rentals as more and more people move in to seek employment opportunities.
This unit is rented to a cash paying tenant who has been in place for over 2 years. This property is leased at below market rate so there is room for increase. Similar properties lease for $850 and above.
Grab this unit and increase your ROI significantly! Current rent rate is $700 per month.
Annual Rent: $8,400
Management fee: $840
Annual taxes: $500
Annual insurance: $350
Net ROI: 10%