Two bedroom house Jennings, Saint Louis County, Missouri, USA 2 Bed Townhouse £33,803 | €37,645 | $45,900 Request a Currency Exchange Quote Here

This large two bedroom house is a rare find at $45,900..

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Property Attributes

Building Characteristics

Detatched

Property Features

Garden, Off Street Parking, Outside Space
Property Description ID:41622965

This two bedroom house is located in Kingsway West, St Louis and is just
four minutes from North Side Community School.
The property consists of two large bedrooms, one bathroom, a large lounge
diner and a full basement. The property will be delivered vacant and comes
with $3,000 included in the price to bring it up to a Section 8 standard. The
management company will be placing brand new Section 8 tenants when
the new owner closes on the property paying $800/$850 each month in
rent.

This property is located in Kingsway West which is only 7.1 miles to the
centre of downtown Saint Louis.This property is also only 3.5 miles to Forest
Park. Forest Park is considered one of the nation’s greatest urban public
parks.

 

Investment Calculation

Purchase price: 45,900

Gross annual rental income: $10,200

Property running costs: $1,680
(Tax, insurance and management costs)

Net annual rental income: $8,520

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

Return on investment: 19%

Break even in 5.26 Years
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