253 Ramsey Ln Ballwin, MO 63021
3bd, 1ba | 1,404sqft | Built in 1959
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Initial Investment
$165,895
List Price: $163,000
Purchase Price
$163,000
Down Payment
100%
Rent
$1,300

Total Return
$59,857
Annualized Return
6.9%
Cap Rate
5.4%
Gross Yield
9.6%
Cash Flow
$8,221
Appreciation
3.0%
Features
Occupancy
Occupied
Lease Start
01/23/2019 
Lease End
01/23/2020 
Lot Size
16,479 
HOA
None
Flood Risk
Not Required
  • Attractive 5-star neighborhood and above average school scores
  • <$500 in immediate repairs
  • Updated kitchen with stainless steel appliances, new carpet, and flooring installed before tenant move-in
  • Well-maintained tree-lined streets, 30 minutes to downtown St. Louis

Annual Financial Highlight
Expected Rent
$14,820
Expenses
-$3,399
Property Taxes
-$3,200
Loan Payments
$0

Net Cash Flow
$8,221
Considerations
Property Characteristics    View Details



Inspection Contingency
This home will be inspected after the offer is accepted and prior to closing, during which time you can negotiate price or repairs based on the inspector's findings or cancel the contract. If any prior inspection reports are available, you'll find them in the Diligence Documents (Analysis tab).  If the latest inspection report is more than 4 months old, the home will be listed with an inspection contingency.
  • This property will be professionally inspected before closing.
  • You’ll have the opportunity to negotiate a lower price or repairs if any issues are identified during the inspection process.
  • Your earnest money deposit will be refunded if you cancel the transaction before the inspection contingency termination date.
  • Roofstock will let you know whether the property passes Roofstock Certification. If it fails, and you choose to carry on with the transaction, the Roofstock Guarantee will no longer apply unless issues are resolved prior to closing. 

Property Management   

Why choose?

From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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