This fantastic brick built two bedroom house is located in Wells-Goodfellow and is
just eight minutes and 3.4 miles from Washington University St Louis.
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 garden.
The property has good long term tenants in place paying $700 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.

The property is located in Wells-Goodfellow which is only 8.6 miles from Downtown
Saint Louis.The Wells-Goodfellow neighbourhood in St. Louis is undergoing a much
needed transformation as part of a new Blight Elimination project. the city is
partnering with the new non-profit organisation to clear four city blocks of vacant
homes. Wells-Goodfellow sits right next door to West End where similar projects
have now rejuvenated the area with luxury properties now in abundance.

Investment Calculation

Purchase price: 42,900

Gross annual rental income: $8,400

Property running costs: $1,585
(Tax, insurance and management costs)

Net annual rental income: $6,815

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

Return on investment: 16%