St Louis – $42,900

Net Return – 21%

St Louis – $42,900 Array, Array

42,900

Description

This large three bedroom house is located in the popular area of O’Fallon and is just a seven minute drive from Saint Louis State University, which is one of the best universities in the whole of Mid-West America. The property is in a good condition and comes with great Section 8 tenants in place. This property offers incredible value for money for a Saint Louis rental property and is under management by a great local company.

This property is located in O’Fallon which is only 5.4 miles from the centre of Downtown Saint Louis. This property is also close to the Riverfront and there are many great schools in this area.

Property Details

• Three bedrooms. • Basement. • 1,235 sqft built. • 3,870 sqft lot. • Tenanted. • Fully managed. • Local staff. • Garden.

Investment Calculation

Purchase price: 42,900

Gross annual rental income: $10,800

Property running costs: $1,832
(Tax, insurance and management costs)

Net annual rental income: $8,968

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

Return on investment: 21%

Break even in 4.76 Years

Detail

Price: 42,900

Net Return: 21%

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