Two Bedroom House (ref. 41696868) - Houses for Sale, Real Estate - Number of Bedrooms: 2, Number of Bathrooms: 1 - Saint Louis, Missouri, United States

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Two Bedroom House (ref. 41696868)
Date & Time Listed: 2024-03-04 20:53:46 (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 very nice two bedroom single family home is located in Hillsdale and is just
seven minutes and 3 miles from Washington University St Louis.
The home has two large bedrooms, one bathroom and a large lounge diner. The
property has recently been updated inside throughout to a Section 8 standard
and now has a Section 8 tenant in place paying $630 in rent each month. There
is a possibility the tenant could apply for an increase in rent payments in the
region of $850 – $900.
The property is located in Hillsdale which is only 9.6 miles from Downtown Saint
Louis.The Hillsdale 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.
Hillsdale sits close to West End where similar projects have now rejuvenated the
area with luxury properties now in abundance.
Investment Calculations
Purchase price
$49,900
Gross annual rental income:
$7,560
Property running costs:(Tax, insurance and management costs)
$1,849
Net annual rental income:
$5,711
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
12%
Break even in
8.3 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 2
Number of Bathrooms: 1

Price: 49,900.00 USD

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

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