Two bedroom house, Jennings, USA
Jennings, Saint Louis County, Missouri, USA
Property ID: 41596174
Summary Data
| Price | £36,432 |
| 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 very nice two bedroom house is located in Jennings, St Louis and is just three minutes and walking distance from fairview Elementary school. The property consists on two large bedrooms, one bathroom, a large lounge diner, a full basement with a private driveway. The property has just been refurbished inside and made rental ready to a Section 8 standard. The management company will be placing brand new tenants when the new owner closes on the property paying $850 each month in rent. The tenants can either be private or Section 8, the decision will be for the new owner.
This property is located in Jennings, St Louis which is only 8.7 miles from the centre of Downtown Saint Louis. This property is also just walking distance to Fairview Elementary School, there are many great schools in this area.
Investment Calculation
Purchase price: 42,900
Gross annual rental income: $10,200
Property running costs: $2,203
(Tax, insurance and management costs)
Net annual rental income: $7,997
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 19%
Break even in 5.26 Years