🏡 Single Family Home | 2 beds / 1 bath / 906 sqft
💰 Asking Price: $40,000 (Cash deal with tenant in place)
📈 ARV (After Repair Value): $90,000

Why This Deal is a Great Opportunity for Cash Investors:

🚀 Immediate Cash Flow with Turnkey Tenant:
This property is currently rented at $650/month on a month-to-month lease. With minimal cosmetic updates ("lipstick improvements"), you can increase the rent to $999/month and start generating more cash flow quickly.

💰 Strong Rental Income Potential:

• Current Rent: $650/month

• Long-Term Rental (LTR) Potential: $999/month

• Short-Term Rental (STR) Potential: $1,325/month

🔨 Minimal Repairs Needed:
The property is in good condition and needs only cosmetic updates. Major systems, such as the foundation, roof, furnace, plumbing, and electrical, are in solid condition, making this an easy, hassle-free investment.

📈 Great Comps Support ARV:

• 5228 Hamilton Ave: Sold for $92,440 (2 beds, 1 bath, 760 sqft)

• 6104 Laura Ave: Sold for $90,000 (2 beds, 1 bath, 890 sqft)

• 5317 Helen Ave: Sold for $80,000 (2 beds, 1 bath, 1,080 sqft)

These comparables support the ARV of $90,000, proving this property is priced for both strong cash flow and equity growth.

Real Numbers Breakdown:

• Purchase Price: $40,000

• ARV: $90,000

• Current Rent: $650/month

• Potential Rent:

  • LTR: $999/month

  • STR: $1,325/month

📅 Close of Escrow (COE): November 18th, 2024
🔑 Access: By appointment only (Tenant-occupied)

📞 Don’t Miss Out on This Turnkey Cash Deal! Contact us today to schedule a walkthrough and secure this property in a great rental market.

💼 All offers due by: October 19, 2024

• COMP 1: 5228 Hamilton Ave, St Louis, MO 63136
  Price: $92,440
  2 Beds / 1 Bath / 760 Sqft

• COMP 2: 6104 Laura Ave, St Louis, MO 63136
  Price: $90,000
  2 Beds / 1 Bath / 890 Sqft

• COMP 3: 5317 Helen Ave, St Louis, MO 63136
  Price: $80,000
  2 Beds / 1 Bath / 1,080 Sqft