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 This home is located in South St. Louis, Missouri also known South City. The area is historically stable in an ideal community and location. So Ideal that in fact this one qualifies for our RENT GUARANTEE! Painted interior,new floors, remodeled kitchen and updated bath, upgraded electrical and upgraded plumbing are just some of the highlights of the planned rehab. This 3 bedroom home is sure to attract tenants.

 

 
Purchase Price**  $ 43000 Avg. Rental  $ 1100
Rehab Cost  $ 41000 Prin & Int. @ ^ 5.9%  $ 629.53
Closing Costs / Insurance  $11830        -  
Option/ Assignment Fee*  $ PM Fee*    $ 110
Total Loan Amount  $ 96740 Tax/ Ins.  $ 133.33
After Rehab Value (est.):  $ 140000 Net cash flow***  $ 227.14
Refinance Amount 75%  $ 105000  
Instant Equity:  $ 35000    

Facts about the deal
Information contained above is deemed reliable but is not guaranteed. Buyer is responsible for their own due diligence. Refi at 75% assumes Full Doc Borrower. Stated income borrower may be have lower LTV allowed by banks. **This is an estimated cost. Actual cost may vary. ^Principle and Interest is only estimate. Your actual interest rate will vary based on credit score and other factors used to determine rates. ***NET Cash Flow may be negatively impacted by insured or uninsured loss, vacancy, maintenance costs, and other factors.*PM Fee is blank because the 1st year fee is waived. PM fee is normally $55 a month


   
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Buy real estate investments with positive rental cash flow no money down. Zero money investments offers the hassle free investment property you’ve been waiting for