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House for sale

£63,607

Missouri, Saint Louis County, Jennings, USA Property ID: 41706304

Property description

This fantastic two bedroom house is located in Baden, a thriving middle class neighbourhood
which is one of the most stable neighbourhoods in the city and is just a short drive to Herzog
Elementary school.
The home has 2 large bedrooms, one bathroom and a large lounge diner. The property was
recently updated inside throughout and made rental ready to a Section 8 standard. The house
has Section 8 tenants in place paying $880 in rent each month. The rent is paid direct to the
owner via the City. The current market rent can reach up to $1,200 each month.
This property is located in Baden which is only 7.3 miles from the centre of Downtown Saint
Louis. Baden is mostly known for it’s almost completely intact business district along a cool
stretch of Broadway from Switzer Avenue to Halls Ferry Road. Baden is one of St. Louis’ finest
neighbourhoods.The commercial district, proximity to the River and the Riverfront Trail make it
a highly desirable place for investors.

Investment Calculations

Purchase price

$74,900

Gross annual rental income:

$10,560

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

$1,980

Net annual rental income:

$8,580

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

Return of investment

12%