Two bedroom house, Jennings, USA
Jennings, Saint Louis County, Missouri, USA
Property ID: 41687597
Summary Data
| Price | £42,376 |
| Price Type | |
| Bedrooms | 2 - Bed |
| Bathrooms | 1 - Bath |
| Plot Size | 864m2 |
| Building Size |
| Sector | Residential |
| Type | Houses |
| Subtype | |
| Tenure | |
| Completion | |
| Parking |
Location Map
Property Description
This fantastic two bedroom house is located in Baden, a 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 two large bedrooms, one bathroom and a large lounge diner. The
property is in an excellent condition and has tenants in place paying $801 in rent each
month.
The property is under management with a great local St Louis Property management
company.
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: $49,900
Gross annual rental income: $9,612
Property running costs: $1,817
(Tax, insurance and management costs)
Net annual rental income: $7,795
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 16%
Break even in 6.25 Years