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Date posted: 19-Dec-2022

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 $675 per month.  it was vacant for only two months in 13 years.  

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 was put on in August 2021. 

Sale Price:  $55,000 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 316
Matawan, NJ 07747
(P) (732) 495-4839
(F) (732) 495-4839
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