1 of 4

House for sale

£42,376

Missouri, Saint Louis County, Hillsdale, USA Property ID: 41696868

Property description

This very nice two bedroom single family home is located in Hillsdale and is just
seven minutes and 3 miles from Washington University St Louis.
The home has two large bedrooms, one bathroom and a large lounge diner. The
property has recently been updated inside throughout to a Section 8 standard
and now has a Section 8 tenant in place paying $630 in rent each month. There
is a possibility the tenant could apply for an increase in rent payments in the
region of $850 – $900.

The property is located in Hillsdale which is only 9.6 miles from Downtown Saint
Louis.The Hillsdale neighbourhood in St. Louis is undergoing a much needed
transformation as part of a new Blight Elimination project. the city is partnering
with the new non-profit organisation to clear four city blocks of vacant homes.
Hillsdale sits close to West End where similar projects have now rejuvenated the
area with luxury properties now in abundance.

Investment Calculations

Purchase price

$49,900

Gross annual rental income:

$7,560

Property running costs:(Tax, insurance and management costs)

$1,849

Net annual rental income:

$5,711

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

Return of investment

12%