Global Property Guide

Financial Information for the Residential Property Buyer

Townhouse

Full Description

This fantastic two bedroom brick built house is located in a very nice street in Jennings, St Louis and is just four minutes and just 1 mile from Jennings Junior and Senior High School. The property consists on two large bedrooms, one bathroom, a large lounge diner, a full basement with a large attached garage with direct access to the house. The property is being refurbished inside and made rental ready to a Section 8 standard. The management company will be placing brand new tenants when the new owner closes on the property paying $800 – $850 each month in rent. The tenants can either be Section 8 or private, the decision will be for the new owner.

This property is located in Jennings, St Louis which is only 9 miles from the centre of Downtown Saint Louis. The house is less than 1 mile to Norwood Hills Country Club which has a premier 18 hole golf course, swimming pool, social club, tennis courts, driving range, and fine dining. The club also hosts weddings, receptions, and catered business meetings in St. Louis. The house is also just a few minutes walk to Northland shopping centre which has all the amenities you could ask for. A great location for rentals.

Investment Calculation

Purchase price: 48,900

Gross annual rental income: $10,200

Property running costs: $2,020
(Tax, insurance and management costs)

Net annual rental income: $8,180

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

Return on investment: 17%

Break even in 5.8 Years

Key Information

Property ID: 41575187
Location: USA, Missouri, Saint Louis County, Jennings
Categories:
  • House
  • Townhouse
Bedrooms: 2
Bathrooms: 1
Price:
  • £36,012
  • €40,100
  • $48,900
Short Description:

This huge two bedroom house is a rare find at $48,900..