Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Classifieds
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago on .

User Stats

66
Posts
11
Votes
Isaac Taylor
  • Investor
  • Detroit, MI
11
Votes |
66
Posts

Great St Louis Area Home! 15% Returns for Buy-and-hold Inv

Isaac Taylor
  • Investor
  • Detroit, MI
Posted

ST LOUIS INVESTMENT PROPERTY OVERVIEW

  • Market: Metro St Louis Area
  • Listing Price: $89,900 St Louis investment property Lockwig
  • Rehab Estimate: $8,000
  • Address: Lockwig Trail, Florissant, MO
  • Beds / Baths / Sq Ft: 3 beds / 2 bath / 1,238 sq ft
  • Property Description: Fantastic family home! Key features include a sun-filled living room, kitchen with solid cabinets connected to the breakfast room, opens up to a large family room and screened sun porch, the master bedroom has a spacious walk-in closet and full bath, the partially finished basement includes a large family room with a bar, great home for entertaining. Major systems have been updated.

FINANCIAL SUMMARY - Click for more details!

At Listing Price
  • Purchase Price: $89,900
  • Rehab: $8,000
  • Closing Costs: $2,697
  • Total Investment: $100,567
  • Financed Amount: $71,920
  • Cash Investment: $28,677
  • Annual Revenue: $13,200
  • Annual Expenses: $7,073
  • Interest: $3,596
  • Net Income: $2,531
  • Annual Return: 9%
  • Annual Appreciation: $1,798
  • Total Return Potential: 15%
At Recommended Price
  • Purchase Price: $87,000
  • Rehab: $8,000
  • Closing Costs: $2,610
  • Total Investment: $97,610
  • Financed Amount: $69,600
  • Cash Investment: $28,010
  • Annual Revenue: $13,200
  • Annual Expenses: $7,073
  • Interest: $3,480
  • Net Income: $2,647
  • Annual Return: 9%
  • Annual Appreciation: $1,798
  • Total Return Potential: 16%

Want to Learn More About This Property?

  • Find Out About the Neighborhood: Median Income, Poverty Rate, Unemployment Rate, % of Renters, Etc.
  • Income Potential: See what similar homes are renting for in this neighborhood
  • Expense Expectations: See a detailed breakdown of key expenses like property taxes and insurance
Offering