Direct Wholesale Deal In St Louis, MO

Off market deal in St Louis.  We recently purchased this in a bulk acquisition from the bank and are looking to sell to a local investor that is looking to add rentals to their portfolio.  Property needs some work, although we're not aware of the scope of that work at this point.

Estimated rents are $800 - 900 a month.

Acquisition Price:  $15,000

Repairs / Closing Costs:  $15,000

Total Investment:  $30,000

Annual Rent:  9,600

- 30% Maintenance / CapEx / Vacancy / Mgmnt

- 500 Taxes

- 500 Insurance

NOI: $5,720

Cash on Cash ROI: 19.06% in year one

If you're interested in this property and to see more photos, visit our website at www.OdellBarnesREO.com We have several other properties in St Louis available now as well.