This bargain brick built two bedroom single family home is located in The Fairground
Neighbourhood, Saint Louis.
There are two large bedrooms, a full basement, and a large garden. The property is
in a good condition and has tenants already in place paying $600 in rent each month.
The rent for this property is under market value and can achieve up to $800 – $850
each month so should the tenant leave the rent could be increased.
The property is under management by a great local company.

This property is located in The Fairground Neighbourhood which is only 4.6 miles to
the centre of downtown Saint Louis.This property is right next to the Fairground park
which opened in 1908 .The park has a huge history and is very well kept and spans
131.46 acres. Local residents enjoy the park for fishing, skating on the roller rink,
festivals, picnicking under trees, playing tennis or just enjoying the walks with many
beautiful lakes.

Investment Calculation

Purchase price: 38,900

Gross annual rental income: $5,843

Property running costs: $1,357
(Tax, insurance and management costs)

Net annual rental income: $4,486

Investment calculation - Net Income divided by Purchase price = NET ROI.

Return on investment: 15%