376 Bluff Dr Saint Louis, MO 63137
|Lease Start Date||09/29/2023|
|Lease End Date||10/31/2024|
|Utilities||Paid by Tenant|
*Includes down payment plus $3,000 of closing costs
Purchase Price $112,900
|Cash on Cash Return*||32%|
|Net Cash Flow Per Month*||$199|
*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
Super clean Turnkey property with tenant in place for $1,095 a month. Over $30,000 of recent capital improvement includes new water heater, New sump pump, updated bathroom with new vanity & refinished tub! New LVP flooring in the kitchen, bathroom, 2 of the bedrooms & hallway. The rest of the home has oak hardwood throughout that was just refinished! Kitchen features modern shaker cabinets and black appliances. The electrical system has been inspected by a licensed electrician & all GFCIs updated to current code. The basement includes a built in brick bar, new paint & new epoxy concrete floor coating! All exterior gutters and drainage has been inspected and updated. Landscaping has been thoroughly cleaned up and all growth trimmed way back. Roof is 12 years old and is good for at least another 10 years. The AC unit was replaced in 2017. This home also has a 1 car garage for your tenant to keep their vehicle out of the elements which increases tenant appeal. This will be a good worry free cashflow property for the foreseeable future! Great cash on cash return, don’t miss this one!
Being marketed for Fidelity Haus Investments.
- 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
- 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.
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