Three bedroom house, Jennings, USA

This fantastic three bedroom house is located in Baden, a thriving middle
class neighbourhood which is one of the most stable neighbourhoods in the
city and is just a short drive to Herzog school.
The home has three large bedrooms, one bathroom and a large lounge diner
with a full basement. The property has recently been updated and is rental
ready and has already passed its Section 8 inspection. Brand new tenants
will be placed by the management company paying $1,000 – $1,100 in rent
each month when the new owner closes on the property.The tenants can
either be Section 8 or private, the decision will be for the new owner.

This property is located in Baden which is only 7.8 miles from the centre of
Downtown Saint Louis. Baden is mostly known for it’s almost completely
intact business district along a cool stretch of Broadway from Switzer Avenue
to Halls Ferry Road. Baden is one of St. Louis’ finest neighbourhoods.

Investment Calculation

Purchase price: 67,900

Gross annual rental income: $13,200

Property running costs: $2,155
(Tax, insurance and management costs)

Net annual rental income: $11,045

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

Return on investment: 17%