To close out the year we have another St. Louis property ready for you to invest in! Are you ready to get started with cash in your pocket every month? That’s what we thought. 😉
Located in suburban communities with majority owner-occupants and have tenants and property management in place as a condition of closing! What could be better?? Only knowing that St. Louis has lower than average unemployment rates and is one of the top 10 most competitive locations to do business among large MSAs (hello, quality tenants)!
We’re excited about St. Louis and to be presenting it to you with this gorgeous property that puts $669 (conservatively estimated!) in your pocket every month. Check it out, and if you’re interested in buying this or a property like it, just contact Melissa at melissa@hipsterinvestments.com.
Location: St. Louis, MO.
Built In: 1959 (fully renovated)
Purchase price: $115,000 (not a foreclosure, normal sale and with tenants in place as condition of closing!)
Property info: 3 bedrooms, 2 bathrooms, 1073 square feet, 1 story, 2 car parking
Income
Monthly rent collected: $1,150
Expenses
Monthly expenses
Property taxes: $133
Insurance: $130
Property management fees: $80
Monthly expenses (conservatively estimated)
Vacancy (7%): $81
Repairs (5%): $58
Total Monthly Expenses- $481
Net Income = Income – Expenses = $669
Advanced Numbers
Cap Rate =
annual net income (non-inclusive of mortgage payment) / purchase price = 6.99%
Cash-on-cash return =
Depends on your leveraging.
Special Terms:
- 1-Year Home Warranty (issued by third party)
If you are interested in this property or seeing others like it, contact Melissa at melissa@hipsterinvestments.com. Take the plunge: you won’t regret it!
Want to see more deals like this?
We’ll send them to you!
