Global Property Guide

Financial Information for the Residential Property Buyer


Full Description

This three bedroom house is located in Jennings, St Louis and is just two minutes walking distance from Jennings Junior and Senior High school. The property consists on three large bedrooms, one bathroom, a large lounge diner and a full basement. The property is just being refurbished inside and made rental ready to a Section 8 standard and includes a new furnace, new hot water heater, new central A/C unit with security cage, new electrical panel, new plumbing, new kitchen cabinets, new kitchen countertops and more. The management company will be placing brand new Section 8 tenants when the new owner closes on the property paying $850 each month in rent.

This property is located in Jennings, St Louis which is only 9.1 miles from the centre of Downtown Saint Louis. This property is also just walking distance to Jennings Junior and Senior High School, there are many great schools in this area.


Investment Calculation
Purchase price: 46,900

Gross annual rental income: $10,200

Property running costs: $2,218
(Tax, insurance and management costs)

Net annual rental income: $7,982

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

Return on investment: 18%

Break even in 5.5 Years

Key Information

Property ID: 41048309
Location: USA, Missouri, Saint Louis County, Jennings
  • House
  • Townhouse
Bedrooms: 3
Bathrooms: 1
  • £35,654
  • €39,600
  • $46,900
Short Description:

This charming three bedroom house is a rare find at $46,900..