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Updated over 6 years ago on . Most recent reply

User Stats

13
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3
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Richard Kay
  • Los Angeles, CA
3
Votes |
13
Posts

What do you think? Property in St. LouisMO

Richard Kay
  • Los Angeles, CA
Posted

Hello BP. I'm new to REI and just started my education a couple months ago. I've been practicing doing analysis on properties from the mls for fix and hold rental SFH. Wanted to get your opinion on this property in St. Louis MO. Seems like a great candidate after I ran the numbers.

4041 Cook Ave, SAINT LOUIS MO 63113

Most Popular Reply

User Stats

34
Posts
26
Votes
Kenton Coffman
  • Real Estate Agent
  • St. Louis, MO
26
Votes |
34
Posts
Kenton Coffman
  • Real Estate Agent
  • St. Louis, MO
Replied

I would look at the average sale price in the zip code.  I think zillow has that info.  It really depends on your goals and ideas about "good numbers" but maybe starting with a criteria of having that average sale price in zip code to be no lower than $75,000.

I'm just spitballing an idea

This is going to be a shameless plug, but if you used a realtor you could get info and guidance pretty easily.

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