Saint Louis – $45,900

Net Return – 17%

Saint Louis – $45,900 Array, Array

45,900

Description

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.

Property Details

• Two bedrooms.

• One bathroom.

• 850 sqft built.

• 6,098 soft lot.

• Tenanted.

• Fully managed.

• Local staff.

• Garden.

Investment Calculation

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.

Return on investment: 17%

Break even in 5.8 Years

Detail

Price: 45,900

Net Return: 17%

See what our investors have to say

THE USA BUYING PROCESS