Three bedroom house Jennings, Saint Louis County, Missouri, USA 3 Bed Townhouse £36,749 | €40,925 | $49,900 Request a Currency Exchange Quote Here

This three bedroom house is a rare find at $49,900..

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Property Attributes

Building Characteristics

Detatched

Property Features

Garden, Off Street Parking, Outside Space
Property Description ID:41622289

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
owner.

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.

Investment Calculation

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
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