| Annual Gross Rent | $20.400 |
|---|---|
| Management Fee | $2.040 |
| Property Tax | $998 |
| Insurance | $700 |
| Net Annual Income | $16.662 |
| Net Return on Investment (ROI) | %19 |
|---|---|
| Payback Period | 5.4 yrs |
This fantastic four bedroom single family home is located in North Collinwood,
right next to the Waterloo Arts District, the Lakefront and close to the new
Amazon facility.
There are four large bedrooms, one bathroom, a full basement and a large garden.
The property will be renovated by Global Investments best contractors and will be
supplied rent ready to a Section 8 standard. The works will begin after the new
owner closes on the property. When complete the management company will place
brand new vetted tenants. The house should achieve $1,250 – $1,700 in rent each
month based on current Section 8 rates for this zip code.
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