Two bedroom house, Jennings, USA
Jennings, Saint Louis County, Missouri, USA
Property ID: 41675486
Summary Data
Price | £38,130 |
Price Type | |
Bedrooms | 2 - Bed |
Bathrooms | 1 - Bath |
Plot Size | 778m2 |
Building Size |
Sector | Residential |
Type | Houses |
Subtype | |
Tenure | |
Completion | |
Parking |
Location Map
Property Description
This very nice two bedroom house is located on the boarder of Pine Lawn, St
Louis and is just two minutes and walking distance from the Barack Obama
Elementary school.
The property is very spacious and has two good sized bedrooms, one
bathroom a large lounge diner and a full basement.
The property already has tenant in place paying $600 in rent each month.
The rent is lower than the current market rate which reaches up to $900 each
month so should the tenant leave the rent could be increased. The house is
under management with a great local St Louis management company.
This property is located in-between Pine Lawn and Beverly Hills, St Louis
which is only 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.
Investment Calculation
Purchase price: $44,900
Gross annual rental income: $7,200
Property running costs: $1,930
(Tax, insurance and management costs)
Net annual rental income: $5,270
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 12%
Break even in 8.33 Years