10121 Baron Dr
St Louis, MO 63136

768 sq. ft., 2 bedroom / 1 bathroom

10121 Baron Dr</br> St Louis, MO 63136
10121 Baron Dr</br> St Louis, MO 63136
10121 Baron Dr</br> St Louis, MO 63136
10121 Baron Dr</br> St Louis, MO 63136
10121 Baron Dr</br> St Louis, MO 63136
10121 Baron Dr</br> St Louis, MO 63136
10121 Baron Dr</br> St Louis, MO 63136
10121 Baron Dr</br> St Louis, MO 63136
10121 Baron Dr</br> St Louis, MO 63136

Property Information

Current Status Occupied
Lease Start Date 11/01/2022
Lease End Date 10/31/2023
Utilities Paid by Tenant
Initial Investment* $4,940

*Includes down payment plus $3,000 of closing costs

Purchase Price $97,000

Current Rent $875
Cap Rate 8%
Cash on Cash Return* 135%
Net Cash Flow Per Month* $44

*Assuming 0% down with a loan at 2PTS + 6.625% interest for 30 years. Including equity build up and 3% appreciation per year.

About This Property

New kitchen countertops, new kitchen dishwasher, new cabinet hardware, new kitchen back splash, new kitchen sink and faucet, new bathroom vanity, new shower surround, new shower rod and curtain, refinished floors throughout, new living room closet door, new bedroom window screens, new receptacles and cover plates throughout, new vents and registers throughout, new vinyl blinds throughout, new ceiling fixtures with LED lights, cleaned and washed basement walls and floors, repaired basement door, cleaned rain gutters, power washed siding, repaired siding where needed, reglazed 2 basement windows, new interior paint throughout.

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

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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

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