Four bedroom house, Jennings, USA
Jennings, Saint Louis County, Missouri, USA
Property ID: 41622713
Summary Data
| Price | £66,155 |
| Price Type | |
| Bedrooms | Studio |
| Bathrooms | 2 - Bath |
| Plot Size | |
| Building Size |
| Sector | Residential |
| Type | Houses |
| Subtype | Townhouse |
| Tenure | |
| Completion | |
| Parking |
Location Map
Property Description
This two apartment multi family home is located in Wells-Goodfellow and is just
seven minutes and 3 miles from Washington University St Louis.
The property is divided into two large apartments, you have a large two bedroom
apartment downstairs and a large two bedroom apartment upstairs, There are
tenants in place in both apartments keeping the property in a great condition each
paying $750 in rent each month.
The house is under management with a greasy local St Louis property
management company.
The property is located in Wells-Goodfellow which is only 8.5 miles from Downtown
Saint Louis.The Wells-Goodfellow neighbourhood in St. Louis is undergoing a
much needed transformation as part of a new Blight Elimination project. the city is
partnering with the new non-profit organisation to clear four city blocks of vacant
homes. Wells-Goodfellow sits right next door to West End where similar projects
have now rejuvenated the area with luxury properties now in abundance.
Investment Calculation
Purchase price: 77,900
Gross annual rental income: $18,000
Property running costs: $2,755
(Tax, insurance and management costs)
Net annual rental income: $15,245
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 20%
Break even in 5 Years