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Description

Date posted: 18-Oct-2021

Rental Property in Sharpsville, PA.  This is a two bedroom, 1200 square foot, two story house, lot size is 33x123.  Purchased in October 2008, the house has had six renters during the time with the most recent tenant paying $620 per month.  it was vacant for only two months in 13 years.  Most recent tenant is moving out at the end of August 2021.  Rental market is strong so a new tenant should not be hard to find.

Expenses:  Taxes and insurance total $1327 per year.  Net income is over $6000 per year after expenses.  This is over 12% ROI.  The house would be fully paid off in 8 years.

Property Management:  I have a local handy person who does repairs, maintenance, etc. on a case by case basis at very reasonable rates.  She also assists in finding new tenants.

Condition:  House is in good condition.  A new roof will be put on by the end of August 2021.  After tenant moves out, minor repairs and painting will take place.

Sale Price:  $48,000 with 20% down payment using ITEX and the balance in cash or a short term mortgage.

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NYTO Trade Incorporation

Dee Patel
249 Broad St
Unit 403
Matawan, NJ 07747
(P) (732) 495-4839
(F) (732) 495-4839
Email: dee.patel@itex.net
Web Site: http://newjersey.itex.com