This nice one bedroom house is located in Baden, a middle class neighbourhood
which is one of the most stable neighbourhoods in the city and is just one mile from
Nance Elementary school.
The home has one large bedroom, one bathroom and a large lounge diner and
comes on a huge plot.
The property is in the process of being made rental ready. Once the new Owner
closes on the property the management company will place a new Section 8 tenant
who will be paying $600 rent a month.The property is under management with a
great local St.Louis Property management company.
This property is located in Baden which is only 7.8 miles from the centre of Downtown
Saint Louis. Baden is mostly known for it’s almost completely intact business district
along a cool stretch of Broadway from Switzer Avenue to Halls Ferry Road. Baden is
one of St. Louis’ finest neighbourhoods.The commercial district, proximity to the River
and the Riverfront Trail make it a highly desirable place for investors.
Purchase price: 39,900
Gross annual rental income: $7,200
Property running costs: $1,529
(Tax, insurance and management costs)
Net annual rental income: $5,671
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 15%Break even in 6.6 Years