Two bedroom house, Riverview, USA
Riverview, Saint Louis County, Missouri, USA
Property ID: 41576192
Summary Data
| Price | £39,829 |
| 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 nice two bedroom house is located in the sought after neighbourhood of Riverview and is just one mile and three minutes to Riverview Gardens School. The home has two bedrooms, one bathroom, a large lounge diner and a full basement. The property is currently being refurbished throughout. Brand new tenants will be placed by the management company paying $850 – $900 each month when the new owner closes on the property. The tenants will be Section 8 housing so the rent will be guaranteed and paid by the US Government.
The property is located in Riverview, a unique place in St. Louis. A narrow sliver of land wedged between the St. Louis County cities of Glasgow Village, Riverview (the Village) and Bellefontaine and of course the mighty Mississippi River. The property is just one mile to River view Drive and the North Riverfront Park. This is the most popular place for locals to try their hand at pulling large fish from the Mississippi River and also walk the 11 mile Mississippi River Greenway Trail, A hotspot for nature lovers and a great bird watching destination.
Investment Calculation
Purchase price: 46,900
Gross annual rental income: $10,800
Property running costs: $2,342
(Tax, insurance and management costs)
Net annual rental income: $8,458
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 19%
Break even in 5.26 Years