Dennis Dr
Saint Louis, MO 63136

Dennis Dr</br> Saint Louis, MO 63136
Dennis Dr</br> Saint Louis, MO 63136
Dennis Dr</br> Saint Louis, MO 63136
Dennis Dr</br> Saint Louis, MO 63136
Dennis Dr</br> Saint Louis, MO 63136
Dennis Dr</br> Saint Louis, MO 63136
Dennis Dr</br> Saint Louis, MO 63136
Dennis Dr</br> Saint Louis, MO 63136
Dennis Dr</br> Saint Louis, MO 63136
Dennis Dr</br> Saint Louis, MO 63136
Dennis Dr</br> Saint Louis, MO 63136

1155 sq. ft., 3 bedroom / 1 bathroom

Dennis Dr</br> Saint Louis, MO 63136
Dennis Dr</br> Saint Louis, MO 63136
Dennis Dr</br> Saint Louis, MO 63136
Dennis Dr</br> Saint Louis, MO 63136
Dennis Dr</br> Saint Louis, MO 63136
Dennis Dr</br> Saint Louis, MO 63136
Dennis Dr</br> Saint Louis, MO 63136
Dennis Dr</br> Saint Louis, MO 63136
Dennis Dr</br> Saint Louis, MO 63136
Dennis Dr</br> Saint Louis, MO 63136
Dennis Dr</br> Saint Louis, MO 63136

Property Information

Current Status Occupied
Lease Start Date 04/15/2024
Lease End Date 04/15/2025
Utilities Paid by Tenant
Initial Investment* $28,920

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

Purchase Price $120,000

Current Rent $1,200
Cap Rate 9%
Cash on Cash Return* 34%
Net Cash Flow Per Month* $252

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

Request Financials
About This Property

An updated turnkey property
close by shopping centers, restaurants, parks and schools.

The recent renovations include:

* Installed New water heater
* New vinyl plank flooring and quarter round throughout the home
* New black, modern kitchen appliances
* Freshly painted interior walls and ceiling
* Reglazed bathtub
* Frosted bathroom window for extra privacy
* Updated porch creating an inviting entrance to the property
* Repaired vinyl siding
* Exterior doors and trim received a new coat of paint
* Replaced rear storm door
* The back storage room received new plywood, insulation and fresh paint
* New blinds
* Installed new smoke alarms and co2s in required areas

This property is 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

Click here to learn more about the property management in our markets. If you have any further questions please schedule a call with an advisor

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