Advanced Search
Your search results

Fwd: Kansas City Rental with Good Cash Flow [code: 1813]

Posted by Powered by Simply Do It on January 26, 2022
0

image.png

image.png
  • Off Market home with good cash flow!
  • Highly sought after neighborhood
  • Fully fenced large backyard with wood deck
  • No (low) crime area
  • Walking distance to A-rated local elementary school
  • Basement with good lighting
  • Home is located on cul-de-sac street
  • Attached 2-car garage
  • Morningstar Bamboo Flooring was installed in the Living Room, Kitchen and Hallway
  • Updated light fixtures and faucets
  • Community pool down the street from this location
  • 9,800+ sq. foot lot 

Why should you consider this house / what makes it a good investment?

  • Built: 1999
  • Size: 1,232 sq ft sitting on a 9,842 square foot lot
  • Quiet residential street, Desirable community, A-rated schools

What's next?

Email/text for address, analysis and to get connected to Simply Do It's local team that handles this transaction.

Metro: Kansas City

Team: Meredith/EJ – email directly at  kc1@simplydoit.net

Code: 1813

Property Specifications 1
 Bedrooms 3
 Bathrooms 2.5
 Square Feet 1232
 Year Built 1992
 Garage Size 2
 Schools Rating (on scale of A-F) A

Purchase Assumptions My Offer
Offer used for analysis $270,000
Suggested offer (low) $270,000
Suggested offer (high) $280,000
Asking $265,000
Market Value (after improvements) $270,000
Improvements (lower) $1,500
Improvements (upper) $2,500
Closing Costs $2,700
Mortgage Costs $2,700
Other Fees At Closing $0
Total Cost  $277,400

Financial Assumptions Monthly Yearly
Rent (upper) $1,845 $1,895 $22,740
Rent (lower) $1,795 $21,540
 Property Tax Rate (Approx.) 1.4%  
 Property Taxes $210 $2,520
 Insurance $115 $1,380
 Repairs $100 $1,200
Variable-Cost PM 7.2%  
Property Management Fee $132 $1,583
 Leasing Fee 68% $51.9 $623
 HOA $22 $264
 Vacancy Rate 4.0%  
 Total Fixed Expenses $699 $8,392
 Total Expenses (Fixed + Mortgage) $1,626 $19,508

Financial Analysis / Deal Attractiveness        
Years: 5 10 15 20
 Cap Rate 4.3% 5.3% 6.3% 7.5%
 Net Cash Flow $15,964 $39,374 $71,006 $111,715
 Equity Increase $78,896 $174,542 $290,500 $431,088
 Total Gain $94,859 $213,916 $361,506 $542,803
           
 Average Cash Flow/Year $3,193 $3,937 $4,734 $5,586
 Average Cash Flow/Month $266 $328 $394 $465
 Average Gain/Year $18,972 $21,392 $24,100 $27,140
 Average ROI 126.6% 285.6% 482.7% 724.7%
 Annual ROI 25.3% 28.6% 32.2% 36.2%
 Projected Property Value $328,496 $399,666 $486,255 $591,603

Property Ratings Suggestions
 Item      Suggested Criteria (Min.) This Property FAVORABLE /
INSUFFICIENT
 Schools     B A FAVORABLE
 Square Feet   1000 1,232 FAVORABLE
 Bedrooms   3 3 FAVORABLE
 Bathrooms   2 2.5 FAVORABLE
 Year Built   1970 1992 FAVORABLE
 Rent/Price (%)   0.75% 0.70% INSUFFICIENT
 Average Cash Flow (at year 5) $125 $266 FAVORABLE
 Average ROI (at year 5) 15% 25.3% FAVORABLE

image.png
image.png
image.png

image.png
image.png


image.png

Disclaimer

Information contained herein was obtained from sources deemed reliable, however, Simply Do It and/or the owner(s) of the property make no guarantees, warranties or representation as to the completeness or accuracy thereof. The presentation of the property is offered subject to errors, omissions, changes in price and/or terms, prior sale or lease or removal from the market for any reason without notice.

The analysis is provided “As Is”. All the information is believed to be accurate (except for the small effects of some simplifying assumptions), but is not guaranteed, and depends on the values entered for the property. This analysis is intended for the purpose of illustrative projections. The information provided is not intended to replace or substitute for any legal, accounting, investment, real estate, tax, or other professional advice, consultation, or service. Simply Do It and/or the owner(s) are not responsible nor liable for any damages arising from the use of the analysis info. 

Compare Listings