This three bedroom house is located in Pine Lawn, St Louis and is just two minutes and walking distance from the Barack Obama Elementary school. The property is currently being refurbished inside and made rental ready. Examples of a recent projects by the same constructor are supplied in this brochure. The management company will be placing brand new tenants when the new owner closes on the property. The tenants will be Section 8 housing so the rent will be paid direct to the landlord via the US Government. The rent will be $800 – $850 each month.
This property is located in Pine Lawn, St Louis which is only 7.8 miles from the centre of Downtown Saint Louis. This property is also close to Barack Obama Elementary School, there are many great schools in this area.
Purchase price: 45,900
Gross annual rental income: $10,200
Property running costs: $2,136
(Tax, insurance and management costs)
Net annual rental income: $8,064
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 18%