Small St. Louis Property cash flowing

[Rodrigo Flores]

Investment Info:

Single-family residence buy & hold investment in Saint Louis.

Purchase price: $75,000
Cash invested: $25,000

I bought this property in 2016. It has been cash flowing well. Section 8 tenant in the house right now
It helped me create a pro forma on a small deal.

What made you interested in investing in this type of deal?

It was inexpensive

How did you finance this deal?

30yr 5% fixed conventional loan

How did you add value to the deal?

added a tenant and brought it up to code for section 8

What was the outcome?

So far, it's working well.

Lessons learned? Challenges?

Since it's an old house, there were a few unexpected capital expenses. The roof needed some work and there was a sewage problem in the first year that I owned the property.