What's Available Wednesday? St. Louis!

How do you get in on the St. Louis trend with the cash flow from turnkey properties?? We’ve found fully renovated single-family homes with high-end finishes, tenants and property management in place… all in suburban communities with majority owner-occupants.

Plus, 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 $815 (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: 1961 (fully renovated)

Purchase price: $120,000 (not a foreclosure, normal sale and with tenants in place as condition of closing!)

Property info: 3 bedrooms, 1 bathrooms, 1177 square feet, 1 story, carport

Income

Monthly rent collected: $1,150

Expenses

Monthly expenses

Property taxes: $68

Insurance: $49

Property management fees: $80

Monthly expenses (conservatively estimated)

Vacancy (7%): $81

Repairs (5%): $65

Total Monthly Expenses- $335

Net Income = Income – Expenses = $815

Advanced Numbers

Cap Rate =

annual net income (non-inclusive of mortgage payment) / purchase price = 8.15%

Cash-on-cash return =

Depends on your leveraging.

Special Terms:

  • 1-Year Home Warranty (issued by a 3rd 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!

Want to see more deals like this? We'll send them to you!

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