Four bedroom house

Full 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

Key Information

Property ID: 41622713
Price: £57,369
Property Type: Townhouse
Categories:

  • Residential Property
  • House

This four bedroom multi unit is a rare find at $77,900..