Great St Louis Area Home! 15% Returns for Buy-and-hold Inv

[Isaac Taylor]

ST LOUIS INVESTMENT PROPERTY OVERVIEW

• Market: Metro St Louis Area
• Listing Price: $89,900
• Rehab Estimate: $8,000
• Address: Lockwig Trail, Florissant, MO
• Beds / Baths / Sq Ft: 3 beds / 2 bath / 1,238 sq ft
• Property Description: Fantastic family home! Key features include a sun-filled living room, kitchen with solid cabinets connected to the breakfast room, opens up to a large family room and screened sun porch, the master bedroom has a spacious walk-in closet and full bath, the partially finished basement includes a large family room with a bar, great home for entertaining. Major systems have been updated.

FINANCIAL SUMMARY - Click for more details!

At Listing Price Purchase Price: $89,900 Rehab: $8,000 Closing Costs: $2,697 Total Investment: $100,567 Financed Amount: $71,920 Cash Investment: $28,677 Annual Revenue: $13,200 Annual Expenses: $7,073 Interest: $3,596 Net Income: $2,531 Annual Return: 9% Annual Appreciation: $1,798 Total Return Potential: 15%

At Recommended Price Purchase Price: $87,000 Rehab: $8,000 Closing Costs: $2,610 Total Investment: $97,610 Financed Amount: $69,600 Cash Investment: $28,010 Annual Revenue: $13,200 Annual Expenses: $7,073 Interest: $3,480 Net Income: $2,647 Annual Return: 9% Annual Appreciation: $1,798 Total Return Potential: 16%

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