Three bedroom house, Castle Point, USA
Castle Point, Saint Louis County, Missouri, USA
Property ID: 41613710
Summary Data
| Price | £42,376 |
| Price Type | |
| Bedrooms | Studio |
| Bathrooms | 1 - Bath |
| Plot Size | |
| Building Size |
| Sector | Residential |
| Type | Houses |
| Subtype | Townhouse |
| Tenure | |
| Completion | |
| Parking |
Location Map
Property Description
This large three bedroom house is located in Castle Point and is just a short walk
from Meadows Elementary School
The house has three large bedrooms, one bathroom, a kitchen/diner and a full
basement. The house sits on a great 10,000 sqft plot and has a lovely huge
garden. The property has been updated to a Section 8 standard. The
management company will place brand new tenants when the new owner closes
on the property paying $950 – $1,000 in rent each month.
This property offers incredible value for money for a Saint Louis tenanted property
and is under management by a great local company.
This property is located in Castle Point which is only 11 miles from the centre of
Downtown Saint Louis. This property is also close to Meadows Elementary
School and The Saint Louis County Library. There are also many great schools in
this area.
Investment Calculation
Purchase price: 49,900
Gross annual rental income: $12,000
Property running costs: $2,339
(Tax, insurance and management costs)
Net annual rental income: $9,661
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 20%
Break even in 5 Years