TENANTED DETACHED 3 BEDROOM HOUSE IN ROCHESTER, WESTERN NEW YORK

TENANT ON ANNUAL LEASE TO DECEMBER 2010 (SECTION 8)

Gross annual rent of $8,700 !!

SECURED PRICE OF PROPERTY: $25,000 / €21,865 / £19,239

TOTAL COST TO PURCHASE THIS PROPERTY FREEHOLD INCLUDING ALL PURCHASE COSTS AND FEES: $29,690 / €21,865 / £19,239

• Detached 3 bedroom 1 bath House in Rochester, WNY
• Already Rented to Tenants
• Tenant on Section 8 Funding
• Income from day 1 of Purchase
• Superb Investment Opportunity

This 3 bedroom family home in Rochester measures 1,376 sq ft of build and has a large fenced in back garden.  The interior has been newly painted and has an updated bathroom, new carpeting and linoleum flooring. The property is located on the west side of the city of Rochester, near to schools, churches, shopping and bus routes.

The property consists of 3 bedrooms, lounge, formal dining room, eat-in kitchen and bathroom and has a 1st floor laundry room.  There is also a driveway for parking of several cars and a large fully fenced back garden.

The property is rented to a section 8 tenant who is paying a monthly rent of $725 and who is on an annual renewable lease, current lease to December 2010.

GROSS MONTHLY RENTAL INCOME: $725 / €537 / £470

Monthly expenses include:

• Property Tax of $154 / €114 / £100
• Rental management fee of $72 / €53 / £46
• Water Utility charge of $30 / €22 / £19

THIS WILL GIVE YOU A NET MONTHLY INCOME OF: $469 / €348 / £305

NET INCOME PER ANNUM: $5,628 / €4,176 / £3,660

We bring to you the whole package:

1. Low Price Investment property with High Yield Rental Income
2. Already Rented to Long Term Tenant
3. Property Rental Management Company
4. Engineers Home Inspection Report
5. Attorney at Law (Lawyer)
6. Complete Unrivalled Personal Service and Supervision of Your Purchase from Start to Finish

All prices are calculated at the following currency conversion rates: $1.35=€1   $1.54=£1