This nice two bedroom house is located in Riverview and is just five minutes from Jennings Senior High School. The home has 2 large bedrooms, one bathroom and a large lounge diner. The property has recently been updated inside throughout and is rental ready for a Section 8 tenant. Brand new tenants will be placed by the management company paying $850 in rent each month when the new owner closes on the property.The tenants will be Section 8 housing so the rent will be guaranteed and paid by the US Government. This property offers good value for money for a Saint Louis tenanted property and is under management by a great local company.
This property is located next to Riverview which is only 8.6 miles from the centre of Downtown Saint Louis. This property is also close to Jennings Senior High School, There are also many great schools in this area.
• Two bedrooms.
• One bathroom.
• 850 sqft built.
• 6,098 soft lot.
• Fully managed.
• Local staff.
Purchase price: 45,900
Gross annual rental income: $10,200
Property running costs: $2,490 (Tax, insurance and management costs)
Net annual rental income: $7,710
Investment calculation - Net Income divided by Purchase price = NET ROI.