Address: 6037 Garfield Ave, Saint Louis MO 63134

This 2 bedrooms / 1 bathroom property makes sense for any rental investor! A large equity spread in the deal. A potential easy BRRRR property!

Deal Takeaways:

Very clean condition

Impossible to find something in such good condition at this price point

Financials:

ARV: $90,000

Purchase Price: $57,500

Estimated Profit Details (Flipper/MLS Sale):

ARV: $90,000

(*) 94% for sale commissions

(-) $57,500 purchase price

(-) $5,000 rehab/make ready budget

(-) $3,000 closing / holding cost

(=) $27,100 profit

Estimated Rental Profit Details:

$1,100 estimated monthly rent

(-) $69 monthly tax

(-) $85 monthly insurance

(-) $110 property management

(-) $110 recommended allocation for repairs, vacancy, etc

(=) $726 a month

Property Details:

2 Beds / 1 Baths

816 Home Square Feet

5,502 Square Feet Lot Size

Year Built 1954