10713 Spring Garden Dr

Saint Louis, MO 63137
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3 bd, 1 ba | 927 sqft | Built in 1956

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Curb View
List Price
$55,000

Initial Investment

$52,780

Purchase Price

$52,000

Down Payment

100%

Rent

$800

Total Return

$48,409

Annualized Return

16.0%

Cap Rate

10.7%

Gross Yield

18.5%

Cash Flow

$5,023

Appreciation

8.2%
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Features

Occupancy

Occupied

Lease Start

05/04/2019

Lease End

04/30/2020

Lot Size

6,900

HOA

None

Flood Risk

Not Required

  • Meets 1% rule with attractive gross yield
  • Seller completed all immediate repairs from inspection report
  • Walking distance to North Riverfront Park
  • Leased through 4/30/2020

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Annual Financial Highlights

Expected Rent

$9,120

Expenses

-$3,097

Property Taxes

-$1,000

Loan Payments

$0

Net Cash Flow

$5,023

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