253 Ramsey Ln

Ballwin, MO 63021
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3 bd, 1 ba | 1,404 sqft | Built in 1959

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List Price
$163,000

Initial Investment

$44,050

Purchase Price

$160,000

Down Payment

25%

Rent

$1,350

Total Return

$51,110

Annualized Return

16.9%

Cap Rate

5.9%

Gross Yield

10.1%

Cash Flow

$160

Appreciation

5.7%
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Features

Occupancy

Occupied

Lease Start

01/23/2019

Lease End

01/23/2021

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
  • Seller recently made repairs on home, view inspection documents for more info

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Annual Financial Highlights

Expected Rent

$15,390

Expenses

-$3,632

Property Taxes

-$2,900

Loan Payments

-$8,698

Net Cash Flow

$160

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