Welcome back to our newest turnkey property market… St. Louis, Missouri! You’re getting in on the ground floor with these fully-renovated single family homes. They’re 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??
Well, only knowing that St. Louis has one of the lowest unemployment rates is one of the top 10 most competitive locations to do business among large MSAs (hellow quality tenants)!
We’re excited about St. Louis and to be presenting it to you with this gorgeous property that puts $663 (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 firstname.lastname@example.org.
Location: St. Louis, MO.
Built In: 1968 (fully renovated)
Purchase price: $113,000 (not a foreclosure, normal sale and with tenants in place as condition of closing!)
Property info: 4 bedrooms, 1 bathroom, 1,812 square feet, 1 story, 2 car parking
Monthly rent collected: $1,095
Property taxes: $142
Property management fees: $110
Monthly expenses (conservatively estimated)
Vacancy (7%): $77
Repairs (5%): $55
Total Monthly Expenses- $432
Net Income = Income – Expenses = $663
Cap Rate =
annual net income (non-inclusive of mortgage payment) / purchase price = 7.05%
Cash-on-cash return =
Depends on your leveraging.
- 1-Year Home Warranty (issued by third party)
If you are interested in this property or seeing others like it, contact Melissa at email@example.com. Take the plunge: you won’t regret it!