Three bedroom house Jennings, Saint Louis County, Missouri, USA 3 Bed Townhouse £36,749 | €40,925 | $49,900 Request a Currency Exchange Quote Here

This large three bedroom house is a rare find at $49,900..

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Property Attributes

Building Characteristics

Detatched

Property Features

Garden, Off Street Parking, Outside Space
Property Description ID:41619621

This great three bedroom house is located in Walnut Park East, St Louis
and is just a short walk to Walbridge Elementary school.
The home has three bedrooms, one bathroom, a large lounge diner and
a full basement. The property has just been updated throughout to a
Section 8 standard and has also passed its Municipality inspection.
The management company will place brand new tenants when the new
owner closes on the property paying $900 – $950 in rent each month.
The tenants can either be Section 8 or private, the decision will be for the
new owner.

This property is located in Walnut Park East, St Louis which is only 7.7
miles from the centre of Downtown Saint Louis. This property is also just
a short walk to Walbridge Elementary School, there are many great
schools in this area.

 

Investment Calculation

Purchase price: 49,900

Gross annual rental income: $11,400

Property running costs: $1,799
(Tax, insurance and management costs)

Net annual rental income: $9,601

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

Return on investment: 20%

Break even in 5 Years
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