This large brick built two apartment multi family home is located in Vandeventer,
The property is divided into two large apartments, you have a large two
bedroom apartment upstairs and a large two bedroom apartment downstairs.
The property has tenants in place in both apartments paying $750 in rent each
month. The property also comes with $8,000 in some cosmetic repairs.
The property is under management with a great local St Louis management
This property is located in Vandeventer which is only 4.1 miles to the centre of
downtown Saint Louis.This property is also only four minutes to the St Louis
University and seven minutes to the Fairground park which opened in 1908 .The
park has a huge history and is very well kept and spans 131.46 acres. Local
residents enjoy the park for fishing, skating on the roller rink, festivals, picnicking
under trees, playing tennis or just enjoying the walks with many beautiful lakes.
Purchase price: 68,900
Gross annual rental income: $18,000
Property running costs: $3,080
(Tax, insurance and management costs)
Net annual rental income: $14,920
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 22%Break even in 4.54 Years