5 Property Portfolio - Estimated 7.81% Cap Rate Net $1,863/month! Turnkey portfolio of 5 single-family homes concentrated in north St. Louis County. This stable portfolio of properties has no vacancies and all tenants plan to stay and have been in properties for years. This package is priced at $295,000 which is an average of $59,000 per door. These homes are located in easy-to-rent areas. Tenants are responsible for utilities. The average rent per property per month is $605, $36,300 in gross annual rents, and $13,932 in expenses (Taxes, Insurance, Property management 6%, Repairs/Vacancy 5%) Bringing the annual net to $24,966. These properties are to be sold as a package. For complete details on this package, including a listing of addresses, rents, and property details, please view the pdf in the documents section.
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