House for Sale: Weston Street, Niagara Falls NY

Written by Alan Findlay on August 4, 2012. Posted in Investor Insight, Investor Properties, Properties.

Here we have a lovely, newly renovated large single unit home. Currently rented at $650.00 monthly and set on a nice part of the street with a larger number of owner occupier type homes. A perfect single unit for hassle free income.

Sale Price – $30,500
Legals – $800
Total Cost to Buyer – $31,300
Gross Monthly Rent $650
Monthly Costs $205
Net Monthly Rent $445 – $65 management = $380

Gross Yield – 25%

IRR in first year assuming no capital growth –
Net Income / Cost = 14.6%
IRR after 5 years assuming no capital growth –
Net Income/Cost = 72.8%

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