St Louis Turnkey

Updated June 28, 2013

Click to learn about St. Louis

In an article published in March 2012 Realtor.com St. Louis was ranked 10th on the list of best real estate investment cities. That same article noted the St. Louis market is outpacing the national average in terms of the length of time a home is on the market, moving 11.21 percent faster at an average of at 103 days. Unlike many other markets around the country St. Louis did not see huge spikes in housing prices during the boom of the mid 2000’s followed by the massive plunge in values during the crash. Stability has been the name of the game for the St. Louis market and why investors should have St. Louis on their investment radar.

St. Louis, Missouri, The Gateway to the west is located within 500 miles of one-third of the United States population. More than 2.8 million people live in the greater St. Louis region making it the largest urban area in the state of Missouri and the 15th largest metropolitan area in the United States. Each year more than six million people visit St. Louis. Parenting Magazine ranked St. Louis #11 on its Best Cities for Families; rankings are based on schools, affordable housing, low crime rates, jobs and parklands. St. Louis boasts a lower cost of living than the national average and in 2012 Bussinessinsider.com ranked St. Louis # 7 in fastest growing wages.

With its centralized location St. Louis is a primary national center for air, land and water transportation networks. In fact St. Louis has the 3rd largest rail center and the 2nd largest inland port which is the USA’s northernmost port with ice-free access year round. Lambert-St. Louis International Airport brings in $5.1 billion annually to the area’s economy. Among the commodities shipped through St. Louis are beef, coal, grain, cement, petroleum products and bio-chemicals.

St. Louis is among the regional hubs in the US for both agriculture and health biotechnology. With a high concentration of IT jobs St. Louis is becoming known as the heart of the bio-belt. The area has many world class research and development facilities which focus on plant and life sciences. In addition St. Louis supports a strong manufacturing sector with the three major American automakers (General Motors, Ford and Chrysler) assembly plants in the area.

According to Fortune magazine the greater St. Louis area ranks 13th in the USA for the concentration of companies headquartered in a metropolitan region. The greater St. Louis area is home to 21 Fortune 1000 companies, with 9 Fortune 500 companies headquartered in the city of St. Louis. One of the reasons for many companies calling St. Louis home is the state of Missouri is very business tax friendly. Missouri ranks 16th for business tax climate and 5th on best Corporate Income Tax Index in the US.

 

Houses come with a one-year warranty. Tenancy is also guaranteed for the first year. If the house goes vacant for any reason, the seller will re-lease the house at their expense. Available on a first-come, first-served basis and requires a deposit to reserve and show as “under contract.” Please use the contact form below if you have any questions or are ready to buy.

 DUPLEXES / MULTI FAMILY HOMES  || Single Family Homes are below

Pennsylvania Street $89.500

Pennsylvania Street $89.500

4 Bed/2 Bath

DUPLEX

2000 Sqft

Year: 1892

Occupancy: Yes


Purchase Price: $90,500 ($1000 approx. closing cost)

Rental Income: $1350(Monthly)

Monthly Expenses:

  • Property Mgr: $99
  • County Taxes: $53
  • Insurance: $65
  • AFH Admin Fee: $135

Yield: 13.23% Items such as income taxes, repairs & vacancy are not included and will affect ROI.

Nebraska Ave $89,500

Nebraska Ave $89,500

**SOLD**

4 Bed/2 Bath

DUPLEX

2346 Sqft

Year: 1920

Occupancy: Yes


Purchase Price: $90,500 ($1000 approx. closing cost)

Rental Income: $1350(Monthly)

Monthly Expenses:

  • Property Mgr: $99
  • County Taxes: $106
  • Insurance: $65
  • AFH Admin Fee: $135

Yield: 12.53% Items such as income taxes, repairs & vacancy are not included and will affect ROI.

SINGLE FAMILY HOMES (SFHs)

WIlborn $38,000

WIlborn $38,000

3 Bed/1 Bath/Basement

Sqft: 1000

Year: 1940

Occupancy: Yes


Purchase Price:$38,800 ($800 approx. closing cost)

Rental Income: $750(Monthly)

Monthly Expenses:

  • Property Mgr: $75
  • Property Taxes Taxes: $55
  • Insurance: $60
  • AFH Admin Fee: $75

Yield: 15% Items such as income taxes, repairs & vacancy are not included and will affect ROI.


Jennings Station Rd $35,500

Jennings Station Rd $35,500

2 Bed/1 Bath

Sqft: 768

Year: 1928

Occupancy: Yes


Purchase Price:$36,300 ($800 approx. closing cost)

Rental Income: $700(Monthly)

Monthly Expenses:

  • Property Mgr: $75
  • County Taxes: $48
  • Insurance: $50
  • AFH Admin Fee: $70

Yield: 15.1% Items such as income taxes, repairs & vacancy are not included and will affect ROI.


Galloway Drive $38,000

Galloway Drive $38,000

**SOLD**

3 Bed/1 Bath

Basement, Garage

Sqft: 854

Year: 1952

Occupancy: Yes


Purchase Price:$38,800 ($800 approx. closing cost)

Rental Income: $750(Monthly)

Monthly Expenses:

  • Property Mgr: $75
  • County Taxes: $93
  • Insurance: $50
  • AFH Admin Fee: $75

Yield: 14.13% Items such as income taxes, repairs & vacancy are not included and will affect ROI.


Jackson $46,500

Jackson $46,500

**SOLD**

2 Bed/1 Bath

Sqft: 1084

Year: 1955

Occupancy: Soon


Purchase Price:$47,300 ($800 approx. closing cost)

Rental Income: $850(Monthly)

Monthly Expenses:

  • Property Mgr: $68
  • County Taxes: $70
  • Insurance: $50
  • AFH Admin Fee: $85

Yield: 14.6% Items such as income taxes, repairs & vacancy are not included and will affect ROI.


Cherry Lane $82,000

Cherry Lane $82,000

More Photos

4 Bed/2 Bath

Sqft:

Year: 1957

Occupancy: Yes


Purchase Price:$83,000 ($1000 approx. closing cost)

Rental Income: $1200(Monthly)

Monthly Expenses:

  • Property Mgr: $75
  • County Taxes: $110
  • Insurance: $65
  • AFH Admin Fee: $120

Yield: 12.0% Items such as income taxes, repairs & vacancy are not included and will affect ROI.


Old Halls Ferry $83,500

Old Halls Ferry $86,000

More Photos

4 Bed/2 Bath

Sqft:

Year: 1901

Occupancy: Yes


Purchase Price:$86,000 ($1000 approx. closing cost)

Rental Income: $1300(Monthly)

Monthly Expenses:

  • Property Mgr: $75
  • Property Taxes: $110
  • Insurance: $65
  • AFH Admin Fee: $130

Yield: 12.72% Items such as income taxes, repairs & vacancy are not included and will affect ROI.

HOW TO BUY

From start to finish, this process takes about three weeks, including forming your holding company or LLC.

1. Select a House. Pick a house that appeals to you and fits your budget. Or, if you need help selecting one, please call or contact us. We can provide additional information and pictures. We’re glad to help! Once you have chosen a property, let us know (form below). We will email you a contract and application with and you will need to make a $5000 deposit to reserve the house for you. You have an “option period” (7 day free-look).
2. We Prepare Documents. American Full House will reserve the house. We prepare and email a set of purchase/LLC documents for you to sign and courier back. Based on your application, we open up the LLC bank account with your name. Along with this we have the house professionally inspected to verify it’s condition. We will arrange to have any major repair items (if any) fixed. You will receive an copy of this via email.
3. Make Final Payment. Once the property has passed the independent inspection, you make the balance of the payment and the property is officially yours! The property title and lease is transferred to you/your new LLC and the rents starting coming to you. Every property is purchased with “title insurance” which guarantees that the property of free of any encumbrances, liens, defects, etc.

All properties are subject to availability and are sold on a first-come, first-served basis. If you cancel the transaction, you will owe only actual expenses such as professional property inspection (approx $400) and the one-time LLC formation fee ($1525). However, the LLC can be used for any future purchases. American Full House is assigned a 2% interest in the LLC; this allows us to run the LLC for you and execute contracts on your behalf (with written permission from you). Cash transactions only; we do not have financing available for foreign buyers.

You may also reach us:

  • +1-512-828-7150 (Office)
  • +1-512-947-9909 (Mobile | SMS | iMessage | WhatsApp | Viber)

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    The information presented here is accurate to the best of our knowledge, however occasionally typos, human errors, and others could be present as data is entered in to the spreadsheet. We will verify all items during the closing process. The final closing documents should be used by you to verify accuracy of all information presented.
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