Emma Ave St. Louis, MO 63136
806 sq. ft., 2 bedroom / 1 bathroom
Property Information
| Current Status | Occupied |
|---|---|
| Lease Start Date | 08/01/2023 |
| Lease End Date | 07/31/2027 |
| Utilities | Paid by Tenant |
| Initial Investment* | $26,175 |
*Includes down payment plus $3,000 of closing costs
Purchase Price $90,000
| Current Rent | $975 |
| Cap Rate | 10% |
| Cash on Cash Return* | 15% |
| Net Cash Flow Per Month* | $326 |
*Assuming 25% down with a loan at 1PTS + 7% interest for 30 years. Including equity build up and 3% appreciation per year.
- About This Property
Discover an affordable investment opportunity with strong rental appeal in this charming 2-bedroom, 1-bath single-family home in St. Louis’ Walnut Park West neighborhood.
Conveniently located near major roads including Riverview Boulevard and West Florissant Avenue, the property provides easy access to shopping, schools, parks, and public transportation. Whether you’re looking for a turnkey rental or a value-driven investment with long-term upside, Emma Ave offers a practical combination of affordability, functionality, and rental demand.
Renovations include:
New HVAC
New gas stove & refrigerator in kitchen
Installed flooring transitions
Repaired door
4 new window latches
New vent basement
Cleaned gutters
Repaired garage door
Replaced missing shingles & resealed around chimney
Touched up paint where needed
Nov 24- New tub refinishing
June 26 – new flooring in basement- Financing Options
MartelTurnkey has partnered with some of the top lenders that provide a wide range of financial solutions to meet your Rental investing needs. Talk to an Advisor to learn more or visit our partner to get pre-approved.
- Property Management Company
Your turnkey property already has a local property management company in place. During the purchasing process, you will be introduced to them.
- Investment Terms
Purchase and Sale Agreement (PSA): A PSA will be delivered electronically once an agreement has been made and must be executed by Buyer within 24 hours of receipt.
Earnest Money Deposit (EMD) of $1,000 must be wired to the Title Company within 3 days of PSA signing.
Appraisal Contingency is available for financed properties, and will be waived automatically if the property appraises for the sale price. If it does not appraise for the sale price, then the Buyer and Seller will have the opportunity to come to terms or the Buyer can cancel the contract.
Closing Date: The Closing Date will occur within 15 days of PSA execution for cash transactions and 45 days of PSA execution for financing unless otherwise agreed by Buyer and Seller.
Lease Agreement: The current lease agreement will be provided to Buyer at Closing.
Closing Costs: Closing costs shall be paid based on local custom, and will include discounts negotiated by Martel TurnKey to lower transaction costs for Buyers and Sellers. Actual closing costs will be outlined on the final settlement statement.- Buying Process
Click here to learn more about buying rental properties from MartelTurnkey. If you have any further questions, schedule a call with an advisor