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Property Sales - 41618136 - Townhouse in USA, Missouri, Saint Louis County, Jennings

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Two bedroom house

Property Information

Type:
Property ID:
Location :
Added On :
Price :
Townhouse
41618136
Jennings, USA
30 Nov 2021
£ 36,012 / € 40,105 / $ 48,900

Short Description

This large two bedroom house is a rare find at $48,900

Key Information

  • Property ID: 41618136
  • Location: Jennings
  • Property Type: Townhouse
  • Prices: £ 36,012 / € 40,105 / $ 48,900
  • Detatched
  • Garden
  • Off Street Parking
  • Outside Space

Full Description

This fantastic two bedroom house is located in Jennings, a thriving
middle class neighbourhood which is one of the most stable
neighbourhoods in the city and is less than 1 mile to Herzog Elementary
school.
The home has two large bedrooms, one bathroom and a large lounge
diner. The property has just been updated inside throughout to a Section
8 standard. There are now Section 8 tenants in place paying $830 in rent
each month. The rent is paid direct to the landlord via the City of St
Louis.

This property is located in Jennings which is only 8.3 miles from the
centre of Downtown Saint Louis. This quaint and stable neighbourhood is
close to The Herzog Elementary School and Northwest Middle School
which has provided quality primary education to many generations of
children in the neighbourhood.

 

Investment Calculation

Purchase price: 48,900

Gross annual rental income: $9,960

Property running costs: $2,121
(Tax, insurance and management costs)

Net annual rental income: $7,839

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

Return on investment: 17%

Break even in 5.8 Years

Contact the Advertiser

Property Alerts

  • Townhouse
  • 2 bedrooms
  • USA
  • Jennings
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