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Home / Derrick Towns / SFR in 63121!

SFR in 63121!

$55,000 • 2 Beds / 1 Baths • 1,040 SqFt
Pending
Offer Submission Deadline
  • Single Family House
  • 2
  • 1
  • 1949
  • 1040
  • 1040
  • No Garage

Description

3495 Arden Ave, Saint Louis, MO 63121

🏠 Wholesale Deal – 3495 Arden Ave, St. Louis, MO 63121

Property Type: Single Family Residence (SFR)

Bedrooms/Bathrooms: 2 Beds / 1 Bath

Living Area: 1,040 Sq. Ft.

💰 Investment Highlights

✅ Great rental area with strong demand

✅ Minor repairs only — near rent-ready condition

✅ Two purchase options for flexibility

✅ Fixed rate mortgage – NO balloon payment

✅ Affordable monthly payment for cash flow potential

🏡 Property Condition

  • Structure and foundation solid
  • Minor cosmetic updates needed (paint, flooring touch-ups, possible appliance upgrades)
  • Roof and mechanicals appear serviceable
  • Easy cleanup and turn-key rental potential

💸 Purchase Options

Option 1: Cash Purchase

  • Asking Price: $55,000
  • Buyer pays all closing costs
  • Property delivered with clear, assignable contract

Option 2: Subject-To Takeover

  • Down Payment / Assignment Fee: $20,000 (breakdown below)
  • Take over existing financing with the following details:
    • Loan Balance: $37,756.64
    • Interest Rate: 5.75% (Fixed)
    • Loan Term: Due in 2049
    • Monthly PITI: $483/month
    • Delinquency: Approximately $3,874.95 (to bring current)
    • $5,000 Cash to seller at closing
    • $10,000 assignment Fee
    • NO balloon payment

Total investment : $20,000 (rounded up / CC included)

.26 % Cash on Cash ROI sold to slow flip buyer @$950/month

(higher ROI with Cash down payment from slow flip buyer)

This is a perfect opportunity for investors looking to leverage existing financing and enjoy a low monthly payment for maximum cash flow.

📈 Exit Strategies

  • Buy & Hold: Estimated market rent ~$950–$1,050/month → strong cash flow
  • Fix & Flip: Light rehab and resale for potential equity gain
  • Sub2 Portfolio Add: Low entry cost, steady long-term equity build-up

Estimated Spread

  • ARV $105,000
  • Price $55,000
  • Spread $50,000

Derrick Towns

Phone (314) 470-6770
Email cash4keysmo@gmail.com
Make an Offer Buy now for $55,000
Inquire About Property View Other Deals

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