This lovely three bedroom house is located in Walnut Park West, St Louis and is just
four minutes and one mile from Walbridge Elementary school.
The property consists of three bedrooms, one bathroom, a lounge diner, a full
basement with a rear garden.
The property has just been refurbished to a Section 8 standard. The management
company will place brand new tenants when the new owner closes on the property
paying $850- $900 in rent each month.
The new tenants can either be Section 8 or private, the decision will be for the new
This property is located in Walnut Park West, St Louis which is only 7.5 miles from
the centre of Downtown Saint Louis. This property is also just four minutes and only
one mile to Walbridge Elementary School, there are many great schools in this area.
Purchase price: 49,900
Gross annual rental income: $10,800
Property running costs: $1,806
(Tax, insurance and management costs)
Net annual rental income: $8,994
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 18%Break even in 5.5 Years