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 $906 (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 email@example.com
Location: St. Louis, MO.
Built In: 1950 (fully renovated)
Purchase price: $148,000 (not a foreclosure, normal sale and with tenants in place as condition of closing!)
Property info: 5 bedrooms, 3 bathrooms, 1730 square feet, 1 story, 2-car parking
Monthly rent collected: $1,350
Property taxes: $138
Property management fees: $80
Monthly expenses (conservatively estimated)
Vacancy (7%): $95
Repairs (5%): $68
Total Monthly Expenses- $444
Net Income = Income – Expenses = $906
Cap Rate =
annual net income (non-inclusive of mortgage payment) / purchase price = 7.35%
Cash-on-cash return =
Depends on your leveraging.
- 1-Year Home Warranty (issued by a 3rd party)
If you are interested in this property or seeing others like it, contact Melissa at firstname.lastname@example.org. Take the plunge: you won’t regret it!