Amenities & Services
This large three bedroom house is located in the popular area of O’Fallon and is just a seven minute drive from Saint Louis State University, which is one of the best universities in the whole of Mid-West America. The property is in a good condition and comes with great Section 8 tenants in place. This property offers incredible value for money for a Saint Louis rental property and is under management by a great local company.
This property is located in O’Fallon which is only 5.4 miles from the centre of Downtown Saint Louis. This property is also close to the Riverfront and there are many great schools in this area.
Purchase price: 42,900
Gross annual rental income: $10,800
Property running costs: $1,832
(Tax, insurance and management costs)
Net annual rental income: $8,968
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 21%