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.
• Three bedrooms
• Full Basement
• 816 sqft built
• 5,314 soft lot.
• Fully managed
• Local staff
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.