This great three bedroom house is located in Baden, a thriving middle class
neighbourhood which is one of the most stable neighbourhoods in the city and is
just a short walk to the St Louis public Library.
The home has 3 spacious bedrooms, one bathroom, a large lounge diner a full
basement and a garage attached to the house. The property has tenants already in
place paying $950 in rent each month.
The house is under management with a great local St Louis property management
This property is located in Baden which is only 7.7 miles from the centre of
Downtown Saint Louis. Baden is mostly known for it’s almost completely intact
business district along a cool stretch of Broadway from Switzer Avenue to Halls
Ferry Road. Baden is one of St. Louis’ finest neighbourhoods.The commercial
district, proximity to the River and the Riverfront Trail make it a highly desirable
place for investors.
Purchase price: 52,900
Gross annual rental income: $11,400
Property running costs: $2,065
(Tax, insurance and management costs)
Net annual rental income: $9,335
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 18%Break even in 5.5 Years