This very nice two bedroom detached single family home is located in Ferguson and is just ten minutes from St Louis Lambert International Airport. The property has just been updated and made rental ready. There is now a tenant in place paying $675 in rent each month. The house is under management with a great local St Louis management company offers incredible value for money.
This property is located in Ferguson which is only 5.1 miles and just 10 minutes from Louis Lambert International Airport. There are many hotels, bars and parks in this area and is only 12.6 miles from downtown St Louis.
Purchase price: 37,900
Gross annual rental income: $8,100
Property running costs: $1,651
(Tax, insurance and management costs)
Net annual rental income: $6,449
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 17%
Break even in 5.8 Years