This lovely three bedroom house is located in Walnut Park West, St Louis and is
just a shirt walk to Northwest Academy of Law. A highly respectable High School
in St Louis.
The property consists of three bedrooms, one bathroom, a large lounge diner, a
full basement with a large rear garden and a garage attached to the house. The
house has a tenants in place paying $800 in rent each month. The market rent for
this house in this location is nearer to $950 – $1,000 each month so should the
tenant leave the rent could be increased.
This property is under management with a great local Rochester property
This property is located in Walnut Park West, St Louis which is only 8 miles from
the centre of Downtown Saint Louis. This property is just a shirt walk to Northwest
Academy of Law. A highly respectable High School in St Louis. There are many
good schools in this area.
Purchase price: 49,900
Gross annual rental income: $9,600
Property running costs: $2,494
(Tax, insurance and management costs)
Net annual rental income: $7,106
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 15%Break even in 6.6 Years