Winkler Dr.
St Louis, MO 63136

1082 sq. ft., 3 bedroom / 1 bathroom

Winkler Dr.</br> St Louis, MO 63136
Winkler Dr.</br> St Louis, MO 63136
Winkler Dr.</br> St Louis, MO 63136
Winkler Dr.</br> St Louis, MO 63136
Winkler Dr.</br> St Louis, MO 63136
Winkler Dr.</br> St Louis, MO 63136
Winkler Dr.</br> St Louis, MO 63136
Winkler Dr.</br> St Louis, MO 63136
Winkler Dr.</br> St Louis, MO 63136
Winkler Dr.</br> St Louis, MO 63136
Winkler Dr.</br> St Louis, MO 63136
Winkler Dr.</br> St Louis, MO 63136

Property Information

Current Status Occupied
Lease Start Date 02/01/2024
Lease End Date 01/31/2025
Utilities Paid by Tenant
Initial Investment* $28,272

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

Purchase Price $117,000

Current Rent $1,050
Cap Rate 8%
Cash on Cash Return* 30%
Net Cash Flow Per Month* $143

*Assuming 20% down with a loan at 2PTS + 7.25% interest for 30 years. Including equity build up and 3% appreciation per year.

About This Property

Renovations include:

New luxury vinyl floors throughout,
completely re-done bathroom including plumbing Iines,
new electrical service panel,
new water heater,
new A/C condenser,
refurbished cabinets and new pulls,
new countertop, sink, faucet and plumbing lines,
new stainless steel kitchen appliances,
5 new ceiling lights,
new window blinds,
fresh paint throughout,
new doors,
dry lock basement walls,
new insulation,
and more.

The community:
This home is situated in a nice C class area of St Louis. The area boasts numerous smaller businesses offering employment opportunities, including:
Independent auto repair shops: Several are scattered throughout the South Side, catering to car maintenance needs.
Local restaurants and cafes: The neighborhood offers a variety of dining options, employing cooks, servers, and other hospitality staff.
Small retail stores: These stores, selling anything from groceries to clothing, employ cashiers, stockers, and other retail workers.

Within a 10-15 minute commute, you’ll find established corporations like:
Emerson Electric: A global manufacturing and technology company with a large facility in South St. Louis.
Nestle Purina: A global food and beverage company with a factory in nearby Lemay.
Anheuser-Busch InBev: A leading brewer with its South Central US headquarters in St. Louis.

Being marketed for a FlipSystem Client.

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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