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Two Bedroom House (ref. 41622965)
Date & Time Listed: 2022-01-24 10:36:21 (GMT)

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 2, Number of Bathrooms: 1
Posted From: United States, Missouri, Saint Louis


Ad Details:

This two bedroom house is located in Kingsway West, St Louis and is just
four minutes from North Side Community School.
The property consists of two large bedrooms, one bathroom, a large lounge
diner and a full basement. The property will be delivered vacant and comes
with $3,000 included in the price to bring it up to a Section 8 standard. The
management company will be placing brand new Section 8 tenants when
the new owner closes on the property paying $800/$850 each month in
rent.
This property is located in Kingsway West which is only 7.1 miles to the
centre of downtown Saint Louis.This property is also only 3.5 miles to Forest
Park. Forest Park is considered one of the nation’s greatest urban public
parks.
Investment Calculation
Purchase price: 45,900
Gross annual rental income: $10,200
Property running costs: $1,680
(Tax, insurance and management costs)
Net annual rental income: $8,520
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 19%
Break even in 5.26 Years
This property is a Townhouse for sale.

Other Details:

Number of Bedrooms: 2
Number of Bathrooms: 1

Price: 45,900.00 USD




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