What's Available Wednesday? St. Louis!Who’s ready for new St. Louis properties? 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 $863 (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: 1928 (fully renovated)

Purchase price: $118,000 (not a foreclosure, normal sale and with tenants in place as condition of closing!)

Property info: 5 bedrooms, 1 bathroom, 1,534 square feet, 2 story, 1 car parking

Income

Monthly rent collected: $1,100

Expenses

Monthly expenses

Property taxes: $117

Insurance: $54

Property management fees: $80

Monthly expenses (conservatively estimated)

Vacancy (7%): $77

Repairs (5%): $55

Total Monthly Expenses- $383

Net Income = Income – Expenses = $717

Advanced Numbers

Cap Rate =

annual net income (non-inclusive of mortgage payment) / purchase price = 7.29%

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!

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

Comments
  • Elvis Rosa
    Reply

    Good evening,
    On the properties that j see here on your site is the net income based on buying the house full purchase price or 20% down payment..if 20% does that leave you with any profit at all?

    • Ali
      Reply

      Hi Elvis. Yes it does. Just use a mortgage calculator to determine what that payment would be and then you can throw the net into a cash-on-cash equation to see what the return on the cash flow is. Let us know if you need any help!

Leave a Comment

Your message.

Who are you?