This home sings money! Its income totals $1,600/mo; $19,200/yr and at this price it provides a handsome 10.38% return on investment or capitalization rate which is well above the market and far preferable to most alternative investments. In addition the investor will earn depreciation, amortization and stands a high likelihood of appreciation of value in the years to come. A large home with separate living suite downstairs, it is ideally situated for maximum comfortable separate occupancy. Currently rented to four students through July 2016. Two kerosene monitors heat this home - one on each level plus gas logs plus baseboard as back-up. Downstairs there is a second kitchen for a separate living arrangement.
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