424 Lanark Rd, St. Louis MO 63137

🏠 424 Lanark Rd, St. Louis MO 63137
3 Beds | 1 Bath | 854 Sq Ft
💵 Off-Market Price: $64,998 (Wholesale)

Photo Link: https://drive.google.com/drive/folders/1xtgS3oC7jfZ9ATxzNTXNdBZhbcqP20ke?usp=sharing
 
💰BRRRR Opportunity – 15% ROI Potential
This north-county 3/1 offers the perfect entry-level rental or BRRRR play with strong cash-flow metrics and light-to-medium rehab. Great block with solid rental demand—projected rent at $1,300/month (Rentometer) keeps it well above the 1.5% rule target.
 
🔧 Rental Repair Estimate ≈ $26,000
Paint – $6,000
Flooring – $7,000
Cleanout – $2,000
Basement touch-up – $1,000
Kitchen cabinet paint & touch-ups – $3,000
Bathroom update – $2,000
All-In Estimate: $65k purchase + $20k repairs = $85k total
 
📊 Rental Performance
Est. Rent: $1,300/mo | $15,600/yr
Taxes: $1,200/yr
Insurance: $1,500/yr
Net Cash Flow ≈ $12,900/yr
ROI ≈ 15% at $85k all-in
Meets the 1.5% Rule (Needs ≈ $86,600 all-in)
 
🏦 BRRRR Scenario (for Refinance Investors)
Purchase at $65k
Rehab & closing ≈ $23k (inc. closing fees)
Total Cost ≈ $88k
75% LTV Goal Appraisal: ~$117k
80% LTV Goal Appraisal: ~$110k
Plenty of equity cushion for refi pull-out and cash-flow hold.
 
🔥 Deal Highlights
Great block in 63137 with stable renters and low vacancy.
Simple rehab scope — paint, floors, cosmetic kitchen/bath.
Strong ROI and BRRRR metrics make this a no-brainer rental play.
Perfect for new investors building a rental portfolio or seasoned buyers looking for cash flow.
 
💵 Off-Market Price: $64,998 (Wholesale)
FastTrack Properties – Licensed in Missouri with Magnolia Real Estate