Added On :
24 Mar 2022
£ 36,012 / € 40,105 / $ 48,900
This large two bedroom house is a rare find at $48,900..
This very nice two bedroom house is located in Jennings, St Louis and is just
three minutes and walking distance from fairview Elementary school.
The property consists on two large bedrooms, one bathroom, a large lounge
diner, a full basement with a private driveway. The property has passed the local
Section 8 compliance and now has tenants in place paying $875 in rent each
month. The tenants are Section 8 housing so the rent is paid direct to the landlord
via the City of St Louis.
The house is under management with a great local St Louis property
This property is located in Jennings, St Louis which is only 8.7 miles from the
centre of Downtown Saint Louis. This property is also just walking distance to
Fairview Elementary School, there are many great schools in this area.
Purchase price: 48,900
Gross annual rental income: $10,500
Property running costs: $2,233
(Tax, insurance and management costs)
Net annual rental income: $8,267
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 17%
Break even in 5.8 Years