5638 Helen Ave
Saint Louis, MO 63136
List Price
$69,500
Initial Investment
$21,514Purchase Price
$62,500
Down Payment
25%
Rent
$935
Total Return
$35,695
Annualized Return
25.0%
Cap Rate
10.4%
Gross Yield
18.0%
Cash Flow
$2,471
Appreciation
7.5%
Reset to DefaultEdit Assumptions
Features
Occupancy
Occupied
Lease Start
12/09/2021
Lease End
11/30/2022
Lot Size
4,735
HOA
None
Flood Risk
Not Required
- Excellent cap rate
- Occupied with Section 8 tenant
- Near shopping and schools
- Tenant is responsible for all utilities. Sewer bill is in owners name and billed to tenant each month
- Seller is repairing the following items from the inspection report
- The gas lines are beginning to corrode on the gas meter. Leaks may develop leaks if not repaired. Damaged trim was noticed on the front and right side of the home especially around the exterior doors. Loose soffits and loose roof flashing were noticed at the front the home. here was a small gap on the roof's eave on the left front corner of the home.
- There appeared to be possible MLS (mold like substance) in a couple areas in the attic. Staining was noticed on rafters and roof sheathing in a couple areas in the attic. Recommend microbial remediation.
- It appears that the furnace is leaking, possibly from the condensation line, as there was water dripping and pooling at the base of the unit. Recommend repairs.
- There appeared to be possible MLS (mold like substance) in the basement ceiling below the kitchen and bathroom. Staining was noticed in a couple different areas on the basement ceiling. The floor sheathing under the bathroom has water damage and has deteriorated. Recommend repairs and microbial remediation.
- The main panel was missing a filler plate at the top of the panel. Electrical issues are considered a hazard until repaired. Recommend repairs. Breaker panel cover was not removed for inspection due to thunderstorms. Recommend re-inspection once access is available.
See more in Analysis
Annual Financial Highlights
Expected Rent
$10,659Expenses
-$3,490Property Taxes
-$1,300Loan Payments
-$3,398Net Cash Flow
$2,471See more in Financials
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