$37,500 Bargain St Louis home let to Section 8 tenants

7117 Lamont, St Louis, MO 63136 comprises a detached single family home with garage which has recently been refurbished and is now let to a Section 8 tenant at $700 per month. 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:  $37,500 Buying Costs:   $2,500 TOTAL OUTLAY:  $40,000  RENTAL INCOME:  $8,400 per annum  OUTGOINGS:  Taxes:             $759.48 Insurance:       …

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7117 Lamont, St Louis, MO 63136 comprises a detached single family home with garage which has recently been refurbished and is now let to a Section 8 tenant at $700 per month.

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:  $37,500

Buying Costs:   $2,500

TOTAL OUTLAY:  $40,000

 RENTAL INCOME:  $8,400 per annum

 OUTGOINGS:

 Taxes:             $759.48

Insurance:        $500.04

Management:  $840

 

TOTAL OUTGOINGS:  $2,099.52

NET INCOME:   $6,300.48

THE NET YIELD IS THEREFORE A FANTASTIC 15.75%.

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