Saint louis – $34,900

Net Return – 19%

Saint louis – $34,900 Array, Array

34,900

Description

This large two bedroom house is located in the popular area of Jennings and is just a five minute drive from Norwood Hills Country Club, which is one of the best golf courses in Saint Louis. The property has just been made rental ready and you will receive one months rent on closing while the management company place the tenants. This property offers incredible value for money for a Saint Louis rental property and is under management by a great local company.

This property is located in Jennings which is only 9.2 miles from the centre of Downtown Saint Louis. This property is also close to Fairview Primary School and Herzog Elementary School, there are many great schools in this area.

Property Details

• Two bedrooms.

• Basement.

• 900 sqft built.

• 6,092 sqft lot.

• Tenanted.

• Fully managed.

• Local staff.

• Garden.

Investment Calculation

Purchase price: 34,900

Gross annual rental income: $8,400

Property running costs: $1,970
(Tax, insurance and management costs)

Net annual rental income: $6,430

Investment calculation - Net Income divided by Purchase price = NET ROI.

Return on investment: 19%

Break even in 5.26 Years

Detail

Price: 34,900

Net Return: 19%

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