1916 Cone St, Toledo, OH 43606

Structurally, the roof on this property is sound, perhaps 12 years old. The furnace is a new used furnace perhaps 6 years old, but installed 2 years ago. The property lists as a 2 bedrooms and 1 bath, and has a loft-type open area on the 2nd floor. This property rents for 600 and is currently vacant. This property has passed HUD codes for 3 consecutive years and is SECTION 8 READY Fair Market Rent $625 x 12 months = $7500 Expenses: Annual taxes = $630 Annual Insurance = $585 Yearly Water = $525 (avg) Since the renovation of this property in 2011, there has been very minimal expense such as touching up exterior paint in preparation for Section 8 inspection. The cost for this repair was $150 in June 2014. Recap: Gross Profit = $7500 Total Expenses= $1890 Net Profit= $5610