6216 Lorraine Ave., Saint Louis, MO 63121
Investor Snapshot
Purchase Price
$60,000
Est. ARV
$56,000
Online Values
Zestimate
$56,800
Realtor.com
$51,938
Redfin.com
$84,000
Propstream
$110,000
Comparable / Comp Image
Rental Information
Monthly Rent
$600/mo
Zillow Rent Est.
$1,114/mo
Rentometer Median
$1,100/mo
Est. Monthly Cash Flow
-$32/mo
Est. Cap Rate
6.6%
Tenant Type
Market Tenant
Property Description
Located at 6216 Lorraine Ave, this 2 bed, 1 bath home offers a strong opportunity for a cash buyer or investor looking to add to their rental portfolio. The property is currently tenant-occupied at $600/month, with upside potential to increase rents to around $1,100/month. With the right updates, this could be a solid cash-flowing asset. The home will need repairs, including roof and ceiling work, gutter and exterior gate repairs, interior paint in the bedroom, and some basement improvements. This is a value-add opportunity for an investor ready to put in some work and increase returns. Owner currently pays MSD and property taxes.