Property Sales - 41572183 - Townhouse in USA, Missouri, Saint Louis County, Wellston

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Three bedroom house

Property Information

Property ID:
Location :
Added On :
Price :
Wellston, USA
03 Feb 2021
£ 34,539 / € 38,465 / $ 46,900

Short Description

This large three bedroom house is amazing value at $46,900..

Key Information

  • Property ID: 41572183
  • Location: Wellston
  • Property Type: Townhouse
  • Prices: £ 34,539 / € 38,465 / $ 46,900
  • Detatched
  • Garden
  • Off Street Parking
  • Outside Space

Full Description

This three bedroom house is located in Wells-Goodfellow and is just eight minutes and 3.1 miles from Washington University St Louis. The home has three bedrooms, one bathroom and a large lounge diner. The property is currently being refurbished throughout. Brand new tenants will be placed by the management company paying $850 – $900 each month when the new owner closes on the property.The tenants will be Section 8 housing so the rent will be guaranteed and paid by the US Government.

The property is located in Wells-Goodfellow which is only 8 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: 46,900

Gross annual rental income: $10,800

Property running costs: $1,756
(Tax, insurance and management costs)

Net annual rental income: $10,624

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

Return on investment: 20%

Break even in 5 Years

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  • Townhouse
  • 3 bedrooms
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