Added On :
04 Jul 2021
£ 36,432 / € 41,618 / $ 42,900
This large rwo bedroom house is a rare find at $42,900..
This fantastic two bedroom house is located in Baden, a thriving middle class
neighbourhood which is one of the most stable neighbourhoods in the city and is just a
short drive to Herzog Elementary school.
The home has 2 large bedrooms, one bathroom and a large lounge diner. The house also
has a very nice kitchen with a breakfast room a full basement with a very large rear
The property has good long term tenants in place paying $745 in rent each month. The
average rent for this property is nearer $850 so should the tenant leave the rent could be
increased. The property is under management by a great local company.
This property is located in Baden which is only 7.8 miles from the centre of Downtown
Saint Louis. Baden is mostly known for it’s almost completely intact business district
along a cool stretch of Broadway from Switzer Avenue to Halls Ferry Road. Baden is one
of St. Louis’ finest neighbourhoods.The commercial district, proximity to the River and the
Riverfront Trail make it a highly desirable place for investors.
Purchase price: 42,900
Gross annual rental income: $8,940
Property running costs: $1,657
(Tax, insurance and management costs)
Net annual rental income: $7,283
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 17%
Break even in 5.8 Years