ST LOUIS INVESTMENT PROPERTY OVERVIEW
- Market: St Loui
s Area - Listing Price: $79,900
- Rehab Estimate: $5,000
- Address: Saint Genevieve Ct, Florissant, MO
- Beds / Baths / Sq Ft: 3 beds / 2 baths / 1,168 sqft
- Property Description: Well-maintained home in a quiet area. Only needs cosmetic repairs.
I assumed that an investor will purchase this property with 80% of the purchase price financed at a 5% interest rate.
At Listing Price- Purchase Price: $79,900
- Rehab: $5,000
- Closing Costs: $2,397
- Total Investment: $87,297
- Financed Amount: $63,920
- Cash Investment: $23,377
- Annual Revenue: $12,600
- Annual Expenses: $6,216
- Interest: $3,196
- Net Income: $3,188
- Annual Return: 14%
- Annual Appreciation: $1,500
- Total Return Potential: 20%
| At Recommended Price- Purchase Price: $75,000
- Rehab: $5,000
- Closing Costs: $2,250
- Total Investment: $82,250
- Financed Amount: $60,000
- Cash Investment: $22,250
- Annual Revenue: $12,600
- Annual Expenses: $6,216
- Interest: $3,000
- Net Income: $3,384
- Annual Return: 15%
- Annual Appreciation: $1,500
- Total Return Potential: 22%
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