Three bedroom house, Jennings, USA
Jennings, Saint Louis County, Missouri, USA
Property ID: 41687596
Summary Data
| Price | £46,622 |
| Price Type | |
| Bedrooms | 3 - Bed |
| Bathrooms | 1 - Bath |
| Plot Size | 912m2 |
| Building Size |
| Sector | Residential |
| Type | Houses |
| Subtype | |
| Tenure | |
| Completion | |
| Parking |
Location Map
Property Description
This fantastic three bedroom house is located in Baden, a thriving middle class
neighbourhood which is one of the most stable neighbourhoods in the city and is just
one mile from Nance Elementary school.
The home has 3 large bedrooms, one bathroom and a large lounge diner. The property
has recently been updated to a section 8 standard, the house also has a finished
basement.
The management company will place brand new tenants when the new owner closes on
the property paying $1,100 – $1,200 in rent each month.
This property is located in Baden which is only 7.6 miles from the centre of Downtown
Saint Louis. Baden is mostly known for it’s almost completely intact business district
along a cool stretch of Broadway from Switzer Avenue to Halls Ferry Road. Baden is one
of St. Louis’ finest neighbourhoods.The commercial district, proximity to the River and
the Riverfront Trail make it a highly desirable place for investors.
Investment Calculation
Purchase price: $54,900
Gross annual rental income: $14,400
Property running costs: $2,356
(Tax, insurance and management costs)
Net annual rental income: $12,044
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 22%
Break even in 4.54 Years