$112,000 Fully tenanted St Louis MFH generating 18.05% net yield

3663 Virginia Avenue was built in 1927 and has recently been refurbished. It totals 4,240 square feet on a lot of 6,111 square feet. It comprises 4 two bedroom apartments all of which are tenanted and generates a great genuine net annual income of $20,667. 25 photos of the interior and exterior of the property are available upon request. Unlike many of our competitors, we take into acount all closing and ongoing costs to give…

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3663 Virginia Avenue was built in 1927 and has recently been refurbished. It totals 4,240 square feet on a lot of 6,111 square feet. It comprises 4 two bedroom apartments all of which are tenanted and generates a great genuine net annual income of $20,667.

25 photos of the interior and exterior of the property are available upon request.

Unlike many of our competitors, we take into acount all closing and ongoing costs to give you a genuine net yield!

 

KEY FIGURES:

Purchase Price:  $112,000

Buying Costs:   $2,500

TOTAL OUTLAY:  $114,500

 RENTAL INCOME:  $25,200 per annum

 OUTGOINGS:

 Taxes:             $1,262.04

Insurance:        $750

Management:  $2,520

 

TOTAL OUTGOINGS:  $4,532.04

NET INCOME:   $20,667

THE NET YIELD IS THEREFORE A FANTASTIC 18.05%.

For further information or to reserve this property, please complete the enquiry form as soon as possible.