7916 Michigan Ave
Saint Louis, MO 63111
List Price
$115,000
Initial Investment
$31,338Purchase Price
$115,000
Down Payment
25%
Rent
$1,290
Total Return
$50,630
Annualized Return
24.4%
Cap Rate
9.0%
Gross Yield
13.5%
Cash Flow
$3,369
Appreciation
5.1%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
6,999
HOA
None
Flood Risk
Not Required
Welcome to the heart of South City! This home is freshly renovated and waiting for you. This roomy 3 bed ranch has updates throughout including new floors, lighting, updates in the kitchen, some new appliances, updates in the bathroom, new hot water heater, a new roof, new windows and a new deck. With great pubs and parks in walking distance, enjoy the South City renaissance and then invite everyone over to enjoy a house that is great for entertaining or having the family over for a BBQ on the back deck and the oversized fenced backyard. This house has it all and is ready for you or to make an amazing addition to your rental portfolio!
See more in Analysis
Payton Blaylock
EXP Realty LLC (Payton Blaylock-MO)
MO Agent License #2019012838
Annual Financial Highlights
Expected Rent
$14,706Expenses
-$3,585Property Taxes
-$1,500Loan Payments
-$6,252Net Cash Flow
$3,369See more in Financials
Property Characteristics
Buyer's Agent
An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
- You can contact your Agent with questions even before making an offer.
- A professional home inspection will be conducted prior to closing. This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor. As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.
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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SourceMid America Regional Information Systems (MARIS).
MLS #23001746
Last Updated: 01/17/2023 08:01
MLS #23001746
Last Updated: 01/17/2023 08:01