Saint Louis – $38,900

Net Return – 18%

Saint Louis – $38,900 Array, Array

38,900

Description

This three bedroom house is located in Jennings, St Louis and is just a few minutes walk from fairview Elementary school. The property consists on three large bedrooms, one bathroom, a large lounge diner, a full basement with a large garden and a detached garage. The property has Section 8 tenants already in place. The rent of $750 each month is paid direct to the owner via the US Government. The property is under management by a great local Saint Louis management company.

This property is located in Jennings, St Louis which is only 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

• Three bedrooms

• Full Basement

• 816 sqft built

• 5,314 soft lot.

• Tenanted

• Fully managed

• Local staff

• Garden.

Investment Calculation

Purchase price: 38,900

Gross annual rental income: $9,000

Property running costs: $2,270
(Tax, insurance and management costs)

Net annual rental income: $6,730

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

Return on investment: 18%

Break even in 5.5 Years

Detail

Price: 38,900

Net Return: 18%

See what our investors have to say

THE USA BUYING PROCESS