Ready for new St. Louis properties? They are fully renovated single-family homes with high-end finishes, have tenants and property management in place… and all are 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 $704 (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: 1925 (fully renovated)
Purchase price: $110,000 (not a foreclosure, normal sale and with tenants in place as condition of closing!)
Property info: 4 bedrooms, 2 bathrooms, 1444 square feet, 2 story
Monthly rent collected: $1,095
Property taxes: $67
Property management fees: $110
Monthly expenses (conservatively estimated)
Vacancy (7%): $77
Repairs (5%): $55
Total Monthly Expenses- $391
Net Income = Income – Expenses = $791
Cap Rate =
annual net income (non-inclusive of mortgage payment) / purchase price = 7.68%
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!