Saint Louis – $36,900

Net Return – 20%

Saint Louis – $36,900 Array, Array

36,900

Description

This two bedroom house is located in Mark Twain, Baltimore and is just four minutes and less than half a mile from the Barack Obama Elementary school. The property is tenant occupied and they are keeping it in great condition paying $750 rent a month. The house has two large bedrooms, a kitchen/diner, a huge basement and a large rear garden. This property offers incredible is under management by a great local company.

This property is located in Mark Twain, Baltimore which is only 9.3 miles from the centre of Downtown Saint Louis. This property is also close to Barack Obama Elementary School, there are many great schools in this area.

Property Details

• Two bedrooms.

• Full Basement.

• 912 sqft built.

• 3,240 soft lot.

• Tenanted.

• Fully managed.

• Local staff.

• Garden.

Investment Calculation

Purchase price: 36,900

Gross annual rental income: $9,000

Property running costs: $1,667
(Tax, insurance and management costs)

Net annual rental income: $7,333

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

Return on investment: 20%

Break even in 5 Years

Detail

Price: 36,900

Net Return: 20%

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