$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…
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.
