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For sale 24 days ago

$8,500

3 bd 1 ba 864 sqft

604 St Thomas Ln, , East Saint Louis, IL 62206

Residential SFR Off MLS

Current Rent **

N/A

Projected Rent **

$956

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

(𝗘𝗮𝘀𝘁 𝗦𝗮𝗶𝗻𝘁 𝗟𝗼𝘂𝗶𝘀, 𝗜𝗟.) 🧰 𝗣𝗿𝗶𝗰𝗲𝗱 𝗧𝗼 𝗦𝗮𝗹𝗲! 🧰 𝗢𝗻𝗹𝘆 $𝟮𝟱𝗞! 🧰 𝗥𝗲𝗵𝗮𝗯 𝗦𝗽𝗲𝗰𝗶𝗮𝗹 🧰 𝗦𝗶𝗻𝗴𝗹𝗲 𝗙𝗮𝗺𝗶𝗹𝘆 𝗥𝗲𝘀𝗶𝗱𝗲𝗻𝗰𝗲

ARV: $50,200

Potential Rent: $956/month

DETAILS

Unit Mix: One 3BR/1 Bath Units!

Occupancy: 100% Vacant!

Taxes: $418

Insurance: $200

Building Square Footage: 864 Sq. Ft.

Utilities: Tenants pay for all utilities.

Lot Size: 6,534 Sq. Ft.

Year Built: 1945
ARV: $50,200

Potential Rent: $956/month

DETAILS

Unit Mix: One 3BR/1 Bath Units!

Occupancy: 100% Vacant!

Taxes: $418

Insurance: $200

Building Square Footage: 864 Sq. Ft.

Utilities: Tenants pay for all utilities.

Lot Size: 6,534 Sq. Ft.

Year Built: 1945

Market Rents: $956/Unit

Management: Currently self-managed, but excellent local property management company ready to step in and manage this one for the next owner.

Pro Forma CAP: 36.53% (5% Vacancy, Taxes, Insurance, and 10% Prop Management included in Pro Forma Cap and Actuals)

Location:

604 St Thomas Ln, , East Saint Louis, IL 62206

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.