Two bedroom house, Riverview, USA
Riverview, Saint Louis County, Missouri, USA
Property ID: 41573660
Summary Data
| Price | £33,035 |
| 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 fantastic two bedroom house is located in Riverview and is just a few minutes walk from Riverview Gardens School. The house has two large bedrooms, a kitchen/diner, a full basement, a nice rear garden and a large garage attached to the property. The property has a very good tenant in place keeping it in a great condition paying $650 in rent each month. The market rent for this property in this location is actually $800 so should the tenant ever leave the rent could easily be increased turning the ROI from an already good 15% to a favourable 19% This property offers good value for money for a Saint Louis tenanted property and is under management by a great local company.
This property is located in Riverview which is only 10.5 miles from the centre of Downtown Saint Louis. This property is also close to Riverview Gardens School, There are also many great schools in this area.
Investment Calculation
Purchase price: 38,900
Gross annual rental income: $7,800
Property running costs: $2,106
(Tax, insurance and management costs)
Net annual rental income: $5,694
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 15%
Break even in 6.6 Years