We have a new OFF MARKET property contract ready for your review:
Asking Price: $65,000
223 Fairview Ln Saint Louis MO 63135 1 Beds | 1 Baths | 528 Sq ft.
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223 Fairview Ln, Saint Louis, MO 63135.0 – $60,000
1.0 Beds | 1.0 Bath | 528.0 SqFt
⚠️ Please note: We will only conduct showings on Rented properties after receiving a qualified offer from a qualified buyer.
Offers should be based on the financials provided. Once an offer is submitted, we can further discuss condition and coordinate a showing if needed.
🔹 Property Details
Address: 223 Fairview Ln
City: Saint Louis
State: MO
ZIP: 63135
Square Feet: 528
Bedrooms: 1
Bathrooms: 1
Basement: Full Basement
Additional Features:
🔹 Tenant Information
Tenant Type: Section 8 Tenant
Monthly Rent: $1,062
Annual Rent: $12,744
Rent Zestimate: $979
Rentometer: $875
🔹 Comps
Online Values
– Zestimate: $43,700
– Realtor.com: $53,000
– Redfin.com: $24,549
🔹 Expenses
Property Taxes: $825
Insurance: $600
Sewer & Trash: $74
10% Management Fee: $1,274
🔹 Evaluation
Cap Rate: 13.33%
DSCR: 2.09
Monthly Cash Flow: $406
Yearly Cash Flow: $4,870
1% Rule: $106,200
1.5% Rule: $70,800
2% Rule: $53,100
25% Down: $17,500
Loan Amount (75% ARV): $52,500
Net Operating Income: $9,334
🔹 Condition Info
Roof Age: Unknown
Kitchen Updated: Unknown
Bathroom Updated: Unknown
Water Heater: Unknown
HVAC: Unknown
🔹 Definitions
25% Down Payment: 25% of the Estimated ARV or Purchase Price. Required by most DSCR lenders.
Loan Amount (75% ARV): The maximum loan amount allowed by DSCR lenders using 75% of the ARV.
Monthly Mortgage: Estimated monthly payment based on loan terms.
Yearly Mortgage: Monthly mortgage payment × 12.
10% Management Fees: Assumes 10% of gross rent goes toward property management.
Mortgage Taxes Insurance management: Combined total of mortgage, property taxes, insurance, and management fees.
Net operating income: Income after expenses but before debt service.
1% rule value: Monthly rent should be at least 1% of purchase price.
1.5% Rule Value: Monthly rent = 1.5% of purchase price.
2% Rule Value: Monthly rent = 2% of purchase price.
Monthly Cash Flow: NOI – total monthly expenses (including debt service).
Yearly Cash Flow: Monthly cash flow × 12.
DSCR: Debt Service Coverage Ratio = NOI ÷ Annual Debt Payments.
Cap Rate: NOI ÷ Purchase Price × 100 (shows unleveraged return).
🔹 Disclaimer
All information is provided for investor review and due diligence. Estimates are subject to change. Buyer to verify all details.
For any properties that we are assigning, ZMC Investments LLC and/or its partners are providing you access to this investment opportunity. The property featured is currently under contract with the owner of record, therefore, giving ZMC Investments LLC an equitable interest in the property. ZMC Investments LLC may assign its contractual rights. ZMC Investments LLC is not selling the property nor acting as the agent of the seller.
***PLEASE NOTE THAT THIS IS BEING SENT TO YOU FOR MARKETING PURPOSES ONLY.*** Any agreement to the terms of this offering will be evidenced by a contract assignment. The above price includes an already agreed upon purchase price plus a fee to assign equitable interest. All buyers shall be responsible for doing their own due diligence before presenting an offer to purchase. All properties are sold on an AS-IS basis. Seller is not aware of any problems otherwise listed in the email above. All contracts submitted shall not be contingent upon financing with a closing period of 21 days or less.
If this property doesn’t align with what you’re looking for please provide brief feedback on your profile so I can quickly update it to ensure you get our best deals before anyone else.
Thank you and I look forward to hearing back soon!
We work with Cash Buyers, Buyer’s Agents and Wholesalers