Dawn Griffin

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Feb 2007
Insiders Guide Investment Spotlight: 50XX Lindenwood



Property Address:	50XX Lindenwood St. Louis, MO 63109
Asking Price:	$220,000
Comments:	2 units in this building have been fully rehabbed. The other two need a little work. Updated units bring $500 a month. Other units are renting at $425. Building is near Chippewa. Close to transportation and Hampton Village. All units include refrigerator and range. 2 units have dishwashers. Tenants pay cable, gas electric and trash removal. This building is located in Ward 10. The alderman is Joseph Vollmer. Congressman is Russ Carnahan, State Senator is Jeff Smith. State Representative is Mike Daus.

Estimated Value:	$210,000-220,000

New Blog
My new blog is now online, check it out and bookmark blog.dawngriffin.com. I'll be updating this at least a few times per week with local development and industry news, investment spotlights and insight, and more.

Go to: blog.dawngriffin.com

Great New Listings
In addition to the new blog, I've also updated with some new listings in the area, and more to be added before the month is over!

Here's a couple:
4909 Laclede, #809 in Park East Tower
3834 De Tonty in Shaw

CURRENTLY:
Scheduled rent: $22,200
Less vacancy: $21,090

Insurance: $1200 (estimated)
Taxes: $1630 (2006 tax record)
Utilities: $800 (water and msd, estimated)

NOI: $16,460
Debt Service: P & I $13,632
(if purchase price is $220,000 with 20% downpayment at 6.75 for 30 years)

Cap Rate: 7.4%
Cash FLow: $2828

It is never my intention to send you unwanted mail.
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All potential figures in this email are the best estimate for this property and are not guaranteed.
As with any investment, buyer risk is involved.

Thank You for your interest!
Dawn Griffin
dawn@dawngriffin.com
http://www.dawngriffin.com

Associates Plus, St. Louis