655 Florland Dr

Florissant, MO 63031
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3 bd, 2 ba | 1,052 sqft | Built in 1956

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List Price
$110,000

Initial Investment

$29,876

Purchase Price

$106,700

Down Payment

25%

Rent

$1,100

Total Return

$58,478

Annualized Return

25.7%

Cap Rate

7.4%

Gross Yield

12.4%

Cash Flow

$1,431

Appreciation

8.3%
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Features

Occupancy

Occupied

Lease Start

02/25/2017

Lease End

08/31/2019

Lot Size

7,501

HOA

None

Flood Risk

Not Required

  • Seller completed $2800 in repairs post-inspection
  • 3.5-star neighborhood
  • Tenant has signed another 12 month term lease starting in September.
  • Conveniently located off Lindbergh near Hwy 270 and Hwy 70

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Annual Financial Highlights

Expected Rent

$12,540

Expenses

-$3,309

Property Taxes

-$2,000

Loan Payments

-$5,801

Net Cash Flow

$1,431

See more in Financials

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