Welcome to St. Louis!
St. Louis is such a uniquely advantageous market for real estate investors right now because of its optimal price-to-rent ratios and low cost of living. Home to 8 Fortune 500 companies and an unemployment rate well below the national average, the GDP in St. Louis increased 29% in the last decade and is now over $170 Billion! (Source: FRBSTL) Multiple sectors are experiencing job growth including over $1 Billion in Venture Capital injected into its Tech sector since 2014 alone! (Source: St. Louis Regional Chamber)
Avie Drive St. Louis, MO
Reservation Terms:
Request to Submit an Offer to Purchase. The Prospective Purchaser requests the right to submit an Offer to Purchase the above specified property from the Seller. The Seller may solicit similar reservations from other Prospective Purchasers and may take as many reservations as Seller deems appropriate.
Purchase Contract and Earnest Money Deposit. Upon receipt of this reservation, the Seller may send to Prospective Purchaser a Purchase and Sale Agreement as well as instructions on where to send an Earnest Money Deposit that will be governed by the terms of the Purchase and Sale Agreement signed between Seller and Prospective Purchaser.
Not a Sale. By execution of this Reservation, the Prospective Purchaser shall not obtain any interest in the property. This Reservation is not a contract for the sale of real property.
Obligation. The Prospective Purchaser has no obligation under this Reservation unless and until the Prospective Purchaser enters into a Purchase and Sale Agreement with the Seller. In such event, the terms and conditions of the Purchase and Sale Agreement shall supersede the terms and conditions of this Reservation and this Reservation shall terminate and be in no further force or effect with the exception of the “Non-Representation and Indemnity of Referring Brokerage” clause which shall remain in effect.
Termination. This Reservation may be terminated upon the happening of any of the following:
- The Prospective Purchaser does not enter into a written Purchase and Sale Agreement for the specified property
- The Purchase and Sale Agreement is rejected by the Seller for any reason.
Transfer or Assignment. The rights of the Prospective Purchaser hereunder may not be transferred or assigned without the express written consent of the Seller, which consent may be withheld for any reason. Any attempt to transfer or assign this Reservation prior to such written approval shall automatically terminate this Reservation and the Prospective Purchaser shall have no further rights hereunder.
Non-Representation and Indemnity of Referring Brokerage. Maverick Investor Group, LLC (“Maverick”) does not represent the Prospective Purchaser in any capacity and has made no statements, promises or representations regarding the real property. Nor does Maverick represent the Seller in any capacity. Maverick’s only role has been to refer the Prospective Purchaser to the Seller. Prospective Purchaser agrees to indemnify, defend and hold Maverick harmless from all claims, damages, costs, etc. (including attorney’s fees) relating to any real property transaction between Seller and Prospective Purchaser. Furthermore, Prospective Purchaser agrees that Maverick has introduced them to a buying opportunity for real property only and not to a securities offering.
OFFERED BY THE SELLER
- 90 Day Scope of Work Warranty
Snapshot Financials
Estimated Property Taxes
Estimated Insurance
Home Owners Association Fee
Property Management Fee
Based on 7%
Based on 5%
Total Monthly Expenses
Monthly Net Operating Income ('NOI') = Monthly Gross Scheduled Rent - Monthly Operating Expenses - 5% Maintenance Estimate - 7% Vacancy Estimates. NOI does not take into account any financing that you may be using. The NOI is always an 'estimate' and can never be guaranteed because it includes the non-fixed variables of 'maintenance' and 'vacancy' which vary over time.
Capitalization Rate ('Cap Rate') = Annual Net Operating Income / Purchase Price. Cap Rate does not take into account any financing you may be using nor any closing costs you may be paying.
Gross Rent Multiplier ('GRM') = Purchase Price / Annual Gross Scheduled Rent. GRM is only a price to rent ratio and does not take into account any operating expenses, financing, closing cost payments or maintenance and vacancy assumptions. And remember, GRM is like a golf score, the lower the better.
Property Features
Reservation Terms:
Request to Submit an Offer to Purchase. The Prospective Purchaser requests the right to submit an Offer to Purchase the above specified property from the Seller. The Seller may solicit similar reservations from other Prospective Purchasers and may take as many reservations as Seller deems appropriate.
Purchase Contract and Earnest Money Deposit. Upon receipt of this reservation, the Seller may send to Prospective Purchaser a Purchase and Sale Agreement as well as instructions on where to send an Earnest Money Deposit that will be governed by the terms of the Purchase and Sale Agreement signed between Seller and Prospective Purchaser.
Not a Sale. By execution of this Reservation, the Prospective Purchaser shall not obtain any interest in the property. This Reservation is not a contract for the sale of real property.
Obligation. The Prospective Purchaser has no obligation under this Reservation unless and until the Prospective Purchaser enters into a Purchase and Sale Agreement with the Seller. In such event, the terms and conditions of the Purchase and Sale Agreement shall supersede the terms and conditions of this Reservation and this Reservation shall terminate and be in no further force or effect with the exception of the “Non-Representation and Indemnity of Referring Brokerage” clause which shall remain in effect.
Termination. This Reservation may be terminated upon the happening of any of the following:
- The Prospective Purchaser does not enter into a written Purchase and Sale Agreement for the specified property
- The Purchase and Sale Agreement is rejected by the Seller for any reason.
Transfer or Assignment. The rights of the Prospective Purchaser hereunder may not be transferred or assigned without the express written consent of the Seller, which consent may be withheld for any reason. Any attempt to transfer or assign this Reservation prior to such written approval shall automatically terminate this Reservation and the Prospective Purchaser shall have no further rights hereunder.
Non-Representation and Indemnity of Referring Brokerage. Maverick Investor Group, LLC (“Maverick”) does not represent the Prospective Purchaser in any capacity and has made no statements, promises or representations regarding the real property. Nor does Maverick represent the Seller in any capacity. Maverick’s only role has been to refer the Prospective Purchaser to the Seller. Prospective Purchaser agrees to indemnify, defend and hold Maverick harmless from all claims, damages, costs, etc. (including attorney’s fees) relating to any real property transaction between Seller and Prospective Purchaser. Furthermore, Prospective Purchaser agrees that Maverick has introduced them to a buying opportunity for real property only and not to a securities offering.
Seller's Additional Notes
This property is in the nice community of Jennings. Property will be completely renovated up to local code.
All information provided is for informational purposes. Projected Rent is calculated using a nationwide database and is subject to change.
St. Louis Highlights
St. Louis Properties:
- Fully-Renovated Single Family Rental Properties
- Tenants and Property Management in Place as Condition of Closing
- High demand areas with a solid mix of tenants and owner occupants
- $135,000 Average Purchase Price
- 7% Average Cap Rates
St. Louis Market:
- Lower Than Average Unemployment
- Home to 8 Fortune 500 Companies
- $170+ Billion GDP (29% increase in the last decade)
- Lower Than Average Cost of Living
Similar
Properties
Maverick Property Vault
- Type: Single Family Home
- Rent: $1500 Per Month
- Cap Rate: 6.31%
- Year Built: 1969
- 3 Bedrooms
- 1200 Sq Ft
- 1.0 Bathrooms
- 1 Car Garage
- Type: Single Family Home
- Rent: $1600 Per Month
- Cap Rate: 6.31%
- Year Built: 1956
- 3 Bedrooms
- 1296 Sq Ft
- 1.0 Bathrooms
- 1 Car Garage
- Type: Single Family Home
- Rent: $1200 Per Month
- Cap Rate: 6.97%
- Year Built: 1948
- 2 Bedrooms
- 1240 Sq Ft
- 1.0 Bathrooms
- Off-Street Parking
- Type: Single Family Home
- Rent: $1000 Per Month
- Cap Rate: 6.54%
- Year Built: 1956
- 3 Bedrooms
- 912 Sq Ft
- 1.0 Bathrooms
- Off-Street Parking
- Type: Single Family Home
- Rent: $1550 Per Month
- Cap Rate: 6.43%
- Year Built: 1957
- 3 Bedrooms
- 912 Sq Ft
- 1.0 Bathrooms
- 1 Car Garage
- Type: Single Family Home
- Rent: $1300 Per Month
- Cap Rate: 6.67%
- Year Built: 1954
- 3 Bedrooms
- 890 Sq Ft
- 1.0 Bathrooms
- Off-Street Parking
More Maverick Markets
Subscribe
GET Access TO Private buying opportunities for TURNKEY Rental properies & EDUCATIONAL RESOURCES. READ OUR PRIVACY NOTICE & TERMS OF USE.
