This fantastic four bedroom house is located in Walnut Park East, St Louis and is just five minutes and from fairview Elementary school. The home has four bedrooms, one bathroom, a large lounge diner and a full basement. The property is currently being refurbished throughout. Brand new tenants will be placed by the management company paying $950 – $1,000 each month when the new owner closes on the property. The tenants will be Section 8 housing so the rent will be guaranteed and paid by the US Government. This property is located in Walnut Park East, St Louis which is only 7 miles from the centre of Downtown Saint Louis. This property is also just five minutes to Fairview Elementary School, there are many great schools in this area. Investment Calculation Purchase price: 44,900 Gross annual rental income: $14,000 Property running costs: $2,006 (Tax, insurance and management costs) Net annual rental income: $9,994 Investment calculation - Net Income divided by Purchase price = NET ROI. Return on investment: 23% Break even in 4.34 Years This property is a Townhouse for sale.
Other Details: Number of Bedrooms: 4, Number of Bathrooms: 1