Two bedroom house

Full Description

This fantastic two bedroom house is located in the sought after neighbourhood of
Spanish Lake and is just one mile from Hazelwood Southeast middle school.
The home has two spacious bedrooms, one bathroom, a large lounge diner and a
full basement. The property is in a very nice street and has a very nice large plot/
garden. The house has a good long term tenant in place paying $950 in rent each
month and is under management with a great local St Louis management company

The Spanish Lake community is located in the northeastern portion of St. Louis
County. The community is bounded by the Mississippi River to the east, the
Missouri River to the north. The area is a very nicely kept popular “ B “ graded
community where the median real estate price is $114,194 and the average rental
price is currently $1,062 each month. The house is also just 4 minutes from the
famous Spanish Lake Park, filled with playgrounds, Athletic fields, tennis courts,
trails and fantastic fishing.

 

Investment Calculation

Purchase price: 59,900

Gross annual rental income: $11,400

Property running costs: $2,415
(Tax, insurance and management costs)

Net annual rental income: $8,985

Investment calculation - Net Income divided by Purchase price = NET ROI.

Return on investment: 15%

Break even in 6.6 Years

Key Information

Property ID: 41627676
Price: £44,113
Property Type: Townhouse
Categories:

  • Residential Property
  • House

This two bedroom house is a rare find at $59,900..