This three bedroom house is located in Walnut Park East, St Louis and is
just a short walk to Northwest Academy of Law.
The home has three bedrooms, one bathroom, a large lounge diner and
a full basement. The property is being rented individually per room and
has tenants in place in each bedroom. The total monthly rental income is
$1,300 each month.
The house is under management with a great local St Louis property
management company.

This property is located in Walnut Park East, St Louis which is only 8
miles from the centre of Downtown Saint Louis. This property is also just
a coupler of minutes and a short walk to the Northwest Academy of Law.
There are many great schools in this area.

Investment Calculation

Purchase price: 57,900

Gross annual rental income: $15,600

Property running costs: $2,175
(Tax, insurance and management costs)

Net annual rental income: $13,425

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

Return on investment: 24%