KC Equity Opportunity Duplex. Check it Out!
Why This Property?
- ~$265/mo. cash flow once you can refi to 5.5%
- Cash flows at ~$164/mo. at today’s rates of 6.0%
Highlights
- Duplex with 6 bedrooms and 4 full bathrooms (each unit has 3 bedrooms/2 bedrooms)
- Instant equity of $40k-$50k on day one!
- Identical duplex sold 9/2024 for $510k
- Location has quick access to major commuting routes, shopping, and schools
- Property is being sold at a discount to a seasoned investor who is willing to work on potential existing HOA issues – Inquire for specifics.
- Highly appreciating area with strong rental market
- Off-Market Opportunity with another SDI Investor
- Fully leased on both sides!
- Completely TURNKEY with little to no work needed at turn around
- Unit A lease ends on 3/31/2025 and Unit B lease ends on 4/30/2025
- Off-market
- Direct Sale – Seller is looking to sell internally without an agent, however, if a buyer wants to use one that is available.
- #cashflow #appreciation #turnkey #multiplex
LOCATION
- Approx 2 miles from the 70 & 435 intersection – south of Independence and north of Raytown.
Why should you consider this house / what makes it a good investment?
- Built: 2021
- Size:2,800 approx. square foot home (each side approx. 1,400 square feet)
- Low Crime, Desirable Community, B 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: Dani – email directly at meet@simplydoit.net
Code: 4536
Financial Details
| Property Specifications | 2 | Per Door |
| Bedrooms | 6 | 3 |
| Bathrooms | 4 | 2.0 |
| Square Feet | 2800 | 1400 |
| Year Built | 2021 | |
| Garage Size | 4 | 2 |
| Schools Rating (on scale of A-C) | B |
| Purchase Assumptions | My Offer | Per Door |
| Offer used for analysis | $465,000 | $232,500 |
| Suggested offer (low) | $475,000 | $225,000 |
| Suggested offer (high) | $485,000 | $232,500 |
| Asking | $465,000 | $232,500 |
| Market Value (after improvements) | $510,000 | |
| Improvements (lower) | $2,000 | $1,000 |
| Improvements (upper) | $4,000 | $2,000 |
| Closing Costs | $4,650 | |
| Mortgage Costs | $4,650 | $2,325 |
| Other Fees At Closing | $0 | |
| Total Cost | $477,300 |
| Financing Assumptions | |||
| Down Payment (%) | 30% | ||
| Down Payment Amount | $139,500 | ||
| Financed Amount | $325,500 | ||
| Interest Rate (5/6 ARM) | 6.000% | ||
| Mortgage Term (Years) | 30 | ||
| Monthly Mortgage Payment | $1,952 | ||
| Cash Outlay (Total Out of Pocket) | $151,800 | ||
| Financial Assumptions | Monthly | Yearly | |
| Rent (actual) | $2,976 | $2,976 | $35,712 |
| Rent (actual) | $2,975 | $35,700 | |
| Property Tax Rate (Approx.) | 1.4% | ||
| Property Taxes | $355 | $4,260 | |
| Insurance | $85 | $1,020 | |
| Repairs | $100 | $1,200 | |
| Variable-Cost PM | 7.0% | ||
| Property Management Fee | $208 | $2,499 | |
| Leasing Fee | 68% | $83.7 | $1,004 |
| HOA/utilities/lawn/snow | $0 | $0 | |
| Vacancy Rate | 4.0% | ||
| Total Fixed Expenses | $943 | $11,312 | |
| Total Expenses (Fixed + Mortgage) | $2,894 | $34,730 | |
| Financial Analysis / Deal Attractiveness | |||||
| Years: | 5 | 10 | 15 | 20 | |
| Cap Rate | 1.3% | 2.2% | 3.1% | 4.1% | |
| Net Cash Flow | $9,856 | $32,924 | $70,580 | $124,343 | |
| Equity Increase | $133,101 | $298,028 | $502,718 | $757,193 | |
| Total Gain | $142,957 | $330,952 | $573,299 | $881,536 | |
| Average Cash Flow/Year | $1,971 | $3,292 | $4,705 | $6,217 | |
| Average Cash Flow/Month | $164 | $274 | $392 | $518 | |
| Average Gain/Year | $28,591 | $33,095 | $38,220 | $44,077 | |
| Average ROI | 94.2% | 218.0% | 377.7% | 580.7% | |
| Annual ROI | 18.8% | 21.8% | 25.2% | 29.0% | |
| Projected Property Value | $620,493 | $754,925 | $918,481 | $1,117,473 | |
| Property Ratings Suggestions | |||||
| Item | Suggested Criteria (Min.) | This Property | FAVORABLE / INSUFFICIENT | ||
| Schools | B | B | FAVORABLE | ||
| Square Feet | 1000 | 2,800 | FAVORABLE | ||
| Bedrooms | 3 | 6 | FAVORABLE | ||
| Bathrooms | 2 | 4 | FAVORABLE | ||
| Year Built | 1970 | 2021 | FAVORABLE | ||
| Rent/Price (%) | 0.75% | 0.64% | INSUFFICIENT | ||
| Average Cash Flow (at year 5) | $125 | $164 | FAVORABLE | ||
| Average ROI (at year 5) | 15% | 18.8% | FAVORABLE | ||
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.