Global Property Guide

Financial Information for the Residential Property Buyer

Townhouse

Full Description

This very nice two bedroom house is located in Castle Point, St Louis and is just twelve minutes walking distance from Lewis & Clark Elementary school. The property consists of two large bedrooms, two bathrooms, a large lounge diner, a full basement with a large rear garden. The property comes with a great tenant in place paying $650 rent per month. This property offers incredible value for money for a Saint Louis rental property and is under management by a great local company.

This property is located in Castle Point which is only 11 miles from the centre of Downtown Saint Louis. This property is also close to Lewis & Clark Elementary School and The Saint Louis County Library. There are also many great schools in this area.

Investment Calculation

Purchase price: 32,900

Gross annual rental income: $7,800

Property running costs: $2,110
(Tax, insurance and management costs)

Net annual rental income: $5,690

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

Return on investment: 18%

Break even in 5.5 Years

Key Information

Property ID: 41464523
Location: USA, Missouri, Saint Louis County, Castle Point
Categories:
  • House
  • Townhouse
Bedrooms: 2
Bathrooms: 1
Price:
  • £24,229
  • €26,980
  • $32,900
Short Description:

This large two bedroom house is a rare find at $32,900..