This two bedroom house is located in Jennings, St Louis and is just two minutes and walking distance from fairview Elementary school. The property consists on two large bedrooms, one bathroom, a large lounge diner, a full basement with a large attached garage with direct access to the house. The property has just been refurbished inside and made rental ready. The management company will be placing brand new tenants when the new owner closes on the property paying $800 – $850 each month in rent.
This property is located in Jennings, St Louis which is only 8.8 miles from the centre of Downtown Saint Louis. This property is also just walking distance to Fairview Elementary School, there are many great schools in this area.
Purchase price: 38,900
Gross annual rental income: $10,200
Property running costs: $2,620
(Tax, insurance and management costs)
Net annual rental income: $7,580
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 20%