$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: …
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.
