Added On :
Saint Louis County, USA
09 Sep 2019
£ 32,876 / € 35,929 / $ 38,900
This large three bedroom house is a rare find at $38,900..
This fantastic three bedroom, three bathroom brick built house is located in Penrose and is just three minutes and less than half a mile from O’Fallon Park Recreational Complex. The property is very spacious and includes three bedrooms, three bathrooms and a very large living / dining area. The property has just been updated inside throughout and is now rental ready. The management company will be placing brand new tenants when the new owner closes on the property. The property is under management by a great local St Louis company.
This property is located in Penrose, St Louis which is only 5.1 miles from the centre of Downtown Saint Louis. The house is just three minutes and less than half a mile from O’Fallon Park Recreational Complex, a huge complex which includes Indoor and outdoor swimming pools, Gymnasium, water park, saunas and much more for the community.
Purchase price: 38,900
Gross annual rental income: $9,600
Property running costs: $1,840
(Tax, insurance and management costs)
Net annual rental income: $7,760
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 20%