Two bedroom house, Jennings, USA

This two bedroom house is located in Walnut Park West, St Louis and is just
three minutes and less than one mile from Herzog Elementary school.
The property consists of two bedrooms, one bathroom, a large lounge diner,
a full basement with a large rear garden.
The property is just being updated throughout and made rental ready. The
management company will place brand new tenants when the new owner
closes on the property.
The house should achieve $900 – $950 in rent each month.

This property is located in Walnut Park West, St Louis which is only 8 miles
from the centre of Downtown Saint Louis. This property is also just three
minutes and less than one mile to Herzog Elementary School, there are
many great schools in this area.

Investment Calculation

Purchase price: 51,900

Gross annual rental income: $10,800

Property running costs: $1,696
(Tax, insurance and management costs)

Net annual rental income: $9,104

Investment calculation - Net Income divided by Purchase price = NET ROI.

Return on investment: 18%