This great two bedroom house is located in Pine Lawn, St Louis and is just two minutes and walking distance from the Barack Obama Elementary school. The house is brick built, has two large bedrooms and a nice lounge diner, one bathroom and a large rear garden with a 2 car detached garage.The property has just refurbished inside and made rental ready. The management company will be placing brand new tenants when the new owner closes on the property. The tenants can be Section 8 housing or private. The decision will be made by the new owner.
Property Details
• Two bedrooms.
• Full Basement.
• 800 sqft built.
• 6,251 soft lot.
• Tenanted.
• Fully managed.
• Local staff.
• Garden.
Investment Calculation
Purchase price: 45,900
Gross annual rental income: $10,200
Property running costs: $2,420
(Tax, insurance and management costs)
Net annual rental income: $7,780
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 18%
Break even in 5.5 Years