Added On :
09 May 2022
£ 55,964 / € 63,931 / $ 65,900
This large two bedroom house is amazing value at $65,900..
This very nice two bedroom house is located in Velda Village Hills, St Louis
and is just three minutes and walking distance from the Barack Obama
The property is very spacious and has two good sized bedrooms, one
bathroom a large lounge diner, a full basement and an attached garage. The
house is on a nice street and has a very nice rear garden.
The property is currently being refurbished throughout. Brand new tenants
will be placed by the management company paying $1,000 each month
when the new owner closes on the property.The tenants can be Section 8
housing or private, the decision will be for the new owner.
This property is located in Velda Village Hills, St Louis which is only 10 miles
from the centre of Downtown Saint Louis. This property is also close to
Barack Obama Elementary School, there are many great schools in this
Purchase price: 65,900
Gross annual rental income: $12,000
Property running costs: $2,486
(Tax, insurance and management costs)
Net annual rental income: $9,514
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 15%
Break even in 6.6 Years