Property Sales - 41630722 - Townhouse in USA, Missouri, Saint Louis County, Jennings

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Two bedroom house

Property Information

Property ID:
Location :
Added On :
Price :
Jennings, USA
24 Mar 2022
£ 36,012 / € 40,105 / $ 48,900

Short Description

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

Key Information

  • Property ID: 41630722
  • Location: Jennings
  • Property Type: Townhouse
  • Prices: £ 36,012 / € 40,105 / $ 48,900
  • Detatched
  • Garden
  • Off Street Parking
  • Outside Space

Full Description

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
management company.

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.


Investment Calculation

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

Contact the Advertiser

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  • Townhouse
  • 2 bedrooms
  • USA
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