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Three Bedroom House (ref. 40245861)
Date & Time Listed: 2020-05-11 11:07:07 (GMT)
This fantastic three bedroom brick built single family home is located in Penrose, Saint Louis. The property has three large bedrooms, one bathroom, a full basement and a large rear garden. The property is just undergoing a complete refurbishment and the management company will place brand new tenants when the new owner closes on the property. The tenants will be Section 8 housing so the total rental income of $850 each month is paid direct to the landlord via the US Government.
This property is located in Penrose which is only 6.5 miles to the centre of downtown Saint Louis.This property is also only five minutes to the Fairground park which opened in 1908 .The park has a huge history and is very well kept and spans 131.46 acres. Local residents enjoy the park for fishing, skating on the roller rink, festivals, picnicking under trees, playing tennis or just enjoying the walks with many beautiful lakes.
Purchase price: 47,900
Gross annual rental income: $10,200
Property running costs: $1,806
(Tax, insurance and management costs)
Net annual rental income: $8,394
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 18%
Break even in 5.5 Years
This property is a Townhouse for sale.
Number of Bedrooms: 3
Number of Bathrooms: 1
Price: 47,900.00 USD
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