Three bedroom house Jennings, Saint Louis County, Missouri, USA 3 Bed Townhouse £35,276 | €39,285 | $47,900 Request a Currency Exchange Quote Here

This large three bedroom house is a rare find at $47,900..

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Property Attributes

Building Characteristics

Detatched

Property Features

Garden, Off Street Parking, Outside Space
Property Description ID:41620445

This fantastic three bedroom brick built single family home is located in
Penrose, Saint Louis.
The property has three large bedrooms, one bathroom, a full basement
and a large rear garden. The property has been refurnished just over a
year ago and has had new Section 8 tenants in place now for over a
year paying $850 in rent each month.
The rent is paid direct to the landlord via the city of ST Louis

This property is located in Penrose which is only 6.5 miles to the centre
of downtown Saint Louis.This property is also only five minutes 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: 47,900

Gross annual rental income: $10,200

Property running costs: $1,856
(Tax, insurance and management costs)

Net annual rental income: $8,344

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

Return on investment: 18%

Break even in 5.5 Years
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