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pricereidispo@outlook.com
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*** 3 Bed Florissant MO Hidden GEM | Rental or Rehab ***
Attention Real Estate Investor: Florissant 3 Bed and 1 bath with off-street parking and full basement. Get cash flow along with long-term tax depreciation! Tons of Potential for a Great Rental or Rehab Property.
Call or Text to Schedule an Appointment: 314-222-7171
Occupancy Status: Rented
Access: By Appointment Only
Current Rent: $975/mo
Tenant info: Current tenants are month to month with no lease in place (Couple with a roommate). Tenants are current on all rents and have been in property for 2 years. Currently rented under market at 975/mo. Market rent for this property is around 1400/mo. Tenants have express interest in staying if new buyer is willing to keep them and will to have their rent increased as needed. All tenant info will transfer to new buyer upon closing. *Note: Do not disturb tenants or speak of sale.
ARV Comps:
1630 Tyson Dr, Florissant 63031 - (SOLD 184,000)
16 Mercury Dr, Florissant 63031 - (SOLD 175,000 5 days on market)
4 Mullanphy Ct, Florissant 63031 - (SOLD 165,000 7 days on market)
1680 Mark Twain Dr, Florissant 63031 - (PENDING 174,900)
Rental Comps:
1130 Mullanphy Rd, Florissant, MO 63031 - 1,500/mo
740 Lilac Dr, Florissant, MO 63031 - $1,400/mo
Strategies:
️ Fix/Flip
Purchase Price $100K + (Rehab) $30k = (Total Investment) $130k
(ARV) $170k - (Total Investment) $130k
= (Gross Profit) $40k
Buy & Hold Rental
Purchase Price: $100K + (Rental Rehab Once Vacant) $25k = (Total Investment) $125k
(Rent Rate) $1400/mo +
BRRRR Method: (Refinance $127,500 at 7% Interest rate)
Purchase $100,000 + Rehab $25,000, Refinance $127,500 at 7% (75% of ARV $170,000): (Loan Payment $848.26 + Taxes $167.17 + Insurance $83.33 = PITI $1,098.76) | (Rent Rate $1,400 - PITI $981
= Monthly Cash Flow $301.24 | 8.5% Cash on Cash Return)
Property Highlights:
3 Bedrooms
Full Basement
Fence Yard
Hardwood Floors
Off Street Parking
Needs Attention:
Cosmetics
Refrigerator
Dishwasher
Landscaping
Paint
Cleaning
Additional Insights:
Great area for rentals or fix & flips. Property sell fast
Could rent for around 1400/mo with lots of rental demand
Exterior: Vinyl Siding
Roof: 2009
Closing Title Company: Continental Title Company
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Contact Us:
To view or make an offer, please contact us by calling or texting 314-222-7171 or emailing pricereidispo@outlook.com.
How To Buy:
If you're interested in purchasing this property, you can download and fill out our as-is contract package by clicking the "Submit Offer" button. Please note that these properties sell quickly, typically we accept an offer within 24-72 hours. Closings are to be held with our preferred title company listed here or on our site.
How We Work With Realtors:
Your commission is to be added to the wholesale price of the property being offered. Because these properties are at a deep discount there is plenty of "spread" to add on a commission. All of our properties close at the title company listed on our site or purchase agreement so standard commission instructions can be faxed or emailed and paid at the close of escrow.
Please note that we only work with serious cash buyers, and closings will take place at our preferred title company. A $5,000 non-refundable deposit (EMD) is required upon acceptance which will go towards the purchase price.
PriceWholesaleHouses.com
*Seller of these properties either owns or has equitable contractual interest in the properties marketed.
**All properties are sold for cash or hard money only. Buyer to verify all information and funds. $5,000 non-refundable earnest deposit is required.
***Seller has exclusively relied upon the information listed within the MLS and Property Tax office to determine all measurements including lot size, square footage, number of bathrooms, number of bedrooms, number of total rooms, zoning, permitted and prohibited uses, construction materials, parking, year of construction, potential value, and all other pertinent data relating to the physical improvements and land area of the subject property. Buyer acknowledges and accepts that Seller makes no representations and warranties of any kind, whatsoever, as to the actual conditions that may exist within or around the property, and Buyer acknowledges that it has conducted its own investigation of these facts, and is purchasing the subject property based upon its own conclusions. Buyer expressly acknowledges that it is purchasing the property in "as is, where is" condition.
****All properties Subject to errors, omissions, deletions, additions, cancellation. All properties sold as is, where is with absolutely no representations written or oral. Buyer is to do their own independent due diligence. Buyer to verify all material facts including square footage. Property will not be considered under contract until signed contract and deposit received with all contingencies removed. Sales price is net to seller.
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