This fantastic two bedroom house is located in-between Dellwood and Castle
Point, St Louis and is just five minutes from The St Louis Community College.
The house has two large bedrooms, a spacious kitchen, a full basement and a
large garden. The property has just been updated and made rental ready.
The management company will be placing brand new tenants paying $750 –
$800 in rent each month when the new owner closes on the property.
This property is located in-between Dellwood and Castle Point which is only
11.8 miles from the centre of Downtown Saint Louis. This property is also close
to St Louis Community College. The City of Dellwood received an Outstanding
Local Government Achievement (OLGA) award in 2019 for Exemplary
Accomplishment by a Local Government for substantially improving quality- of life,
And implemented a raft of infrastructure upgrades and made progress on a
variety of important community development initiatives.
Purchase price: 42,900
Gross annual rental income: $9,600
Property running costs: $2,012
(Tax, insurance and management costs)
Net annual rental income: $7,588
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 18%Break even in 5.5 Years