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Price reduction in Kansas City, MO [code: 402]

Posted by Powered by Simply Do It on January 12, 2022


  • Price recently reduced by $4,000
  • Property has been on the market for over 45 days.  Great opportunity for negotiation! 
  • Good local school district
  • New Carpet and paint
  • Fully fenced large back yard.  Perfect for families and pets
  • No (low) crime area
  • Easy access to I-169 and highway 
  • Walking distance to local elementary school
  • 9,500+ sq. foot lot 

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

  • Built: 2001
  • Size: 2,431+ sq ft sitting on a 9,500+ square foot lot
  • Quiet residential street, Desirable community, great schools
  • Little to no updates needed

Property Specifications1
 Square Feet2431
 Year Built2001
 Garage Size2
 Schools Rating (on scale of A-F)B

Purchase AssumptionsMy Offer
Offer used for analysis$321,000
Suggested offer (low)$318,000
Suggested offer (high)$321,000
Market Value (after improvements)$325,000
Improvements (lower)$1,500
Improvements (upper)$2,500
Closing Costs$3,200
Mortgage Costs$3,200
Other Fees At Closing$0
Total Cost $329,400

Financial AssumptionsMonthlyYearly
Rent (upper)$1,995$2,095$25,140
Rent (lower)$1,895$22,740
 Property Tax Rate (Approx.)1.4% 
 Property Taxes$280$3,360
Variable-Cost PM7.2% 
Property Management Fee$143$1,712
 Leasing Fee 68%$56.1$673
 Vacancy Rate4.0% 
 Total Fixed Expenses$733$8,794
 Total Expenses (Fixed + Mortgage)$1,801$21,606


Financial Analysis / Deal Attractiveness    
 Cap Rate3.3%4.3%5.2%6.3%
 Net Cash Flow$14,759$37,721$69,741$111,761
 Equity Increase$95,589$211,092$350,675$519,380
 Total Gain$110,348$248,813$420,416$631,141
 Average Cash Flow/Year$2,952$3,772$4,649$5,588
 Average Cash Flow/Month$246$314$387$466
 Average Gain/Year$22,070$24,881$28,028$31,557
 Average ROI124.5%280.7%474.2%711.9%
 Annual ROI24.9%28.1%31.6%35.6%
 Projected Property Value$395,412$481,079$585,307$712,115

Property Ratings Suggestions
 Item   Suggested Criteria (Min.)This PropertyFAVORABLE /
 Square Feet 10002,431FAVORABLE
 Bedrooms 34FAVORABLE
 Bathrooms 23FAVORABLE
 Year Built  19702001FAVORABLE
 Rent/Price (%) 0.75%0.65%INSUFFICIENT
 Average Cash Flow (at year 5)$125$246FAVORABLE
 Average ROI (at year 5) 15%24.9%FAVORABLE










Metro: Kansas City

Team: Meredith/EJ

Code: 402


What's next?

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



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. 

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