🏡 3 Bed Florissant MO Hidden GEM | Rental or Rehab 💰

Attention Real Estate Investor: Florissant 3 Bed and 1 bath with off-street parking and full basement. Get cash flow along with long-term tax depreciation! Tons of Potential for a Great Rental or Rehab Property. 

📞 Call or Text to Schedule an Appointment

314-222-7171

Property Details

👉 Join Our Direct Buyers List:  https://pricewholesalehouses.com/

Occupancy Status: Rented
Access: By Appointment Only
Current Rent: $975/mo

Tenant info: Current tenants are month to month with no lease in place. Tenants are current on all rents and have been in property for 2 years. Currently rented under market at 975/mo. Market rent for this property is around 1400/mo. Tenants have express interest in staying if new buyer is willing to keep them and will to have their rent increased as needed. All tenant info will transfer to new buyer upon closing. Do not disturb tenants or speak of sale.

ARV Comps:

1630 Tyson Dr, Florissant 63031 - (SOLD 184,000)

Rental Comps:

1130 Mullanphy Rd, Florissant, MO 63031 - 1,500/mo

740 Lilac Dr, Florissant, MO 63031 - $1,400/mo

Strategies:

🛠️ Fix/Flip

Purchase Price $100K + (Rehab) $30k = (Total Investment) $130k

(ARV) $170k - (Total Investment) $130k

= (Gross Profit) $40k

🏡 Buy & Hold Rental

Purchase Price: $100K + (Rental Rehab Once Vacant) $25k = (Total Investment) $125k

(Rent Rate) $1400/mo +

💰 BRRR Method: (Refinance $127,500 at 7% Interest rate)

Purchase $100,000 + Rehab $25,000, Refinance $127,500 at 7% (75% of ARV $170,000): (Loan Payment $848.26 + Taxes $167.17 + Insurance $83.33 = PITI $1,098.76) | (Rent Rate $1,400 - PITI $981

= Monthly Cash Flow $301.24 | 8.5% Cash on Cash Return)

🏠 Property Highlights:

3 Bedrooms

Full Basement

Fence Yard

Hardwood Floors

Off Street Parking

🏠 Needs Attention: 

Cosmetics
Refrigerator 
Dishwasher
Landscaping
Paint
Cleaning

Additional Insights:

Great area for rentals or fix & flips. Property sell fast

Could rent for around 1400/mo with lots of rental demand

🏠 Exterior: Vinyl Siding

🔨 Roof: 2009

Closing Title Company: Continental Title Company

📞 Call or Text to Schedule an Appointment

314-222-7171

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👉 Contact Us:
To view or make an offer, please contact us by calling or texting 314-222-7171 or emailing pricereidispo@outlook.com.

👉 How To Buy:
If you're interested in purchasing this property, you can download and fill out our as-is contract package by clicking the "Submit Offer" button. Please note that these properties sell quickly, typically we accept an offer within 24-72 hours. Closings are to be held with our preferred title company listed here or on our site.

👉 How We Work With Realtors:
Your commission is to be added to the wholesale price of the property being offered. Because these properties are at a deep discount there is plenty of "spread" to add on a commission. All of our properties close at the title company listed on our site or purchase agreement so standard commission instructions can be faxed or emailed and paid at the close of escrow.

Please note that we only work with serious cash buyers, and closings will take place at our preferred title company. A $5,000 non-refundable deposit (EMD) is required upon acceptance which will go towards the purchase price.

💰 Join Our Direct Buyers List:  https://pricewholesalehouses.com/