Clover Lane
Hazelwood, MO 63042

910 sq. ft., 3 bedroom / 1 bathroom

Clover Lane</br> Hazelwood, MO 63042
Clover Lane</br> Hazelwood, MO 63042
Clover Lane</br> Hazelwood, MO 63042
Clover Lane</br> Hazelwood, MO 63042
Clover Lane</br> Hazelwood, MO 63042
Clover Lane</br> Hazelwood, MO 63042
Clover Lane</br> Hazelwood, MO 63042
Clover Lane</br> Hazelwood, MO 63042
Clover Lane</br> Hazelwood, MO 63042
Clover Lane</br> Hazelwood, MO 63042
Clover Lane</br> Hazelwood, MO 63042
Clover Lane</br> Hazelwood, MO 63042
Clover Lane</br> Hazelwood, MO 63042

Property Information

Current Status Occupied
Lease Start Date 06/01/2024
Lease End Date 05/31/2025
Utilities Paid by Tenant
Initial Investment* $33,780

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

Purchase Price $142,500

Current Rent $1,350
Cap Rate 9%
Cash on Cash Return* 33%
Net Cash Flow Per Month* $256

*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

This is a Beautiful DEAL!
This bungalow is located in Hazelwood, MO.in a community where house values are on the rise. This house is priced BELOW market value! Get it while you can!

Hazelwood is home to a thriving business community, including major employers like BOEING, GKN aerospace and more. Hazelwood is known for its safe, family-friendly environment. Community events include Hazelwood Harvestfest, summer concerts, and holiday celebrations. You will not have a problem to get tenants with this location.

This recently renovated 3 bedroom, 1 bath home features a carport, full basement and a fenced backyard.

Recent updates include:

*Newly renovated kitchen with modern stainless steel appliances and new granite countertops
* The bathroom updates include a new bathtub, toilet and backsplash
* Luxury Vinyl Plank flooring was installed throughout the home
* Freshly painted interior walls
* All new interior and exterior doors
* Light fixtures have all been newly replaced
* The landscaping was recently updated and replaced

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

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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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