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$489,900

Sale Pending
3250 Equestrian Dr, Festus, MO 63028
4 Beds
3 Baths
2,572 Square Feet
5.00 Acres Lot
Built in 1994
Sale Pending
Units n/a
Checked: 1 day ago
Updated: May 16, 2025 at 03:19AM

Investment Summary


Monthly Cash Flow
-$1,587
Cap Rate
1.8%
Cash-on-Cash Return
-16.9%
Debt Coverage Ratio
0.32
Internal Rate of Return (5 years)
-12.3%

Property Description


5.00 Acres Lot
Built in 1994
Sale Pending
Units n/a

Equestrian Estate sitting on 5 acres, this 2 story 4 bed/ 2.5 Bath home is situated on a corner lot and has a small barn & pasture for your horses. You will love the wrap around porch, this leads to the front entrance of the home. There is a office/den w built in shelves, a sep dining room that leads to the newly updated kitchen, w a pantry, main floor laundry room and 1/2 bath. The great room features s wood fireplace, this leads to the patio that overlooks the beautiful pasture w plenty of privacy. The upper level features a Spacious Primary bed and bath w vaulted ceilings, walk in closet and a primary bath w separate shower and claw tub. There are 3 other bedrooms and full bath. The lower level has a room framed and ready for your finishing. There is a small barn w 2 horse stalls. The house and barn are both on public water. Roof is approx. 4 years old.

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Location


Property Details


Parking

  • Description: Attached Garage
  • Details: Attached, Garage
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 10
  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Partially Finished, Sump Pump, Storage Space, Unfinished, Bath/Stubbed
  • Fireplace: Yes

HOA

  • Has HOA: Yes
  • HOA Fee: $200/annually

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 188.028.00000004.03
  • Lot Size: 217800 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Colonial, Other
  • Year Built: 1994

Tax Information

  • Annual Tax: $2,621

Utilities

  • Water & Sewer: Public
  • Heating: Forced Air, Propane
  • Cooling: Ceiling Fan(s), Central Air, Electric

Location

  • County: Jefferson

Listing Details


Listed by:
Amy E Carter
RE/MAX Results
(636) 633-6009

Source:
MARIS MLS
MLS#: 25016538
MARIS MLS

Investment Summary


Monthly Cash Flow
-$1,587
Cap Rate
1.8%
Cash-on-Cash Return
-16.9%
Debt Coverage Ratio
0.32
Internal Rate of Return (5 years)
-12.3%

Purchase Details

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Purchase price:
$489,900
Amount financed:
-$391,920
Down payment:
$97,980
Closing costs:
$14,697
Rehab costs:
$0
Initial cash invested:
$112,677
Square feet:
2,572
Cost per square foot:
$190
Monthly rent per square foot:
$0.54

Financing Details

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Loan amount:
$391,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$2,318
Property tax:
$218
Insurance:
$98
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,634

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,400 $16,800
Vacancy loss: (6%)
6% -$84 -$1,008
Operating income:
$1,316 $15,792

Operating Expenses


% Rent Monthly Yearly
Property taxes: (16%)
16%-$218-$2,621
Insurance: (7%)
7%-$98-$1,176
Property management: (8%)
8%-$112-$1,344
Repairs & maintenance: (5%)
5%-$70-$840
Capital expenditures: (5%)
5%-$70-$840
HOA fees: (1%)
1%-$17-$204
Total operating expenses: (42%)
42%-$585-$7,025

Cash Flow


Monthly Yearly
Net operating income:
$731 $8,772
Mortgage payments:
-$2,318 -$27,816
Cash flow:
$1,587 $19,044