Saint louis – $38,900

Net Return – 20%

Saint louis – $38,900 Array, Array

38,900

Description

This two bedroom house is located in Jennings, St Louis and is just two minutes and walking distance from fairview Elementary school. The property consists on two large bedrooms, one bathroom, a large lounge diner, a full basement with a large attached garage with direct access to the house. The property has just been refurbished inside and made rental ready. The management company will be placing brand new tenants when the new owner closes on the property paying $800 – $850 each month in rent.

This property is located in Jennings, St Louis which is only 8.8 miles from the centre of Downtown Saint Louis. This property is also just walking distance to Fairview Elementary School, there are many great schools in this area.

Property Details

• Two bedrooms

• Full Basement

• 1,182 sqft built

• 5,881 soft lot.

• Tenanted

• Fully managed

• Local staff

• Garden.

Investment Calculation

Purchase price: 38,900

Gross annual rental income: $10,200

Property running costs: $2,620
(Tax, insurance and management costs)

Net annual rental income: $7,580

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

Return on investment: 20%

Break even in 5 Years

Detail

Price: 38,900

Net Return: 20%

See what our investors have to say

THE USA BUYING PROCESS