Saint Louis – $39,900

Net Return – 19%

Saint Louis – $39,900 Array, Array

39,900

Description

This fantastic three bedroom house is located in North Pointe, a thriving middle class neighbourhood which is one of the most stable neighbourhoods in the city and is just a short walk to Herzog Elementary school. The property has just been made rental ready and the management company have brand new tenants that will be already in the property when the new owner closes. The new tenants will be paying $750 in rent each month. This property offers incredible value for this location and is under management by a great local company.

This property is located in North Pointe which is only 7.7 miles from the centre of Downtown Saint Louis. This quaint and stable neighbourhood is home to the North Park United Methodist Church and Mizpah Lutheran Church. The Herzog Elementary School and Northwest Middle School which has provided quality primary education to many generations of children in the neighbourhood.

Property Details

• Three bedrooms

• Full Basement

• 1,107 sqft built

• 9,711 soft lot.

• Tenanted

• Fully managed

• Local staff

• Garden.

Investment Calculation

Purchase price: 39,900

Gross annual rental income: $9,000

Property running costs: $1,779
(Tax, insurance and management costs)

Net annual rental income: $7,221

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

Return on investment: 19%

Break even in 5.26 Years

Detail

Price: 39,900

Net Return: 19%

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