This two bedroom house is located in Jennings, St Louis and is
just four minutes from Jennings Junior and Senior High school.
The property consists of two large bedrooms, one bathroom, a
large lounge diner and a full basement. The property has just
being made rental ready to a Section 8 standard and is ready for
tenant placement. 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 Jennings, St Louis which is only 9 miles
from the centre of Downtown Saint Louis. This property is also just
walking distance to Jennings Junior and Senior High School, there
are many great schools in this area.
Purchase price: 49,500
Gross annual rental income: $10,200
Property running costs: $2,192
(Tax, insurance and management costs)
Net annual rental income: $8,008
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 17%Break even in 5.8 Years