General
- This new construction opportunity!
- Multiple houses are available and the finishing of them is planned between Jan. 2022 to July 2022.
- Fort Leavenworth is only 15 minutes away on the Kansas side with officers training every year.
- Also near our International airport with a new multi-billion dollar improvement underway
- This is NOT a package deal – you can buy one or more such houses
- Community is located approx. 25 minutes north of Kansas City and very close to KC airport
- Platt county schools are highly ranked and this area is highly desirable and sot after – Platt county – the richest and the fastest growing county in Missouri
- Very desirable area – has one of the best high schools in the area, in a good school area.
- The median household income is $76,000
- Not far from Ft. Leavenworth based that may add another layer of rental demand for families would rather stay off-base
- The area is seeing lots of growth and new construction in the area.
- Short commute to downtown Kansas City
About the houses
- Most are larger 3 bedroom homes (over 1,300 sqft) will price out from the Mid $250’s to the $270’s.
- Base 3 bedroom as of now is $242,500
- 2 bedrooms start at $225,950
- As of right now, there are no homes available that will be ready in 2021.
- The next available will be at the end of January (2022) or into February (2022) depending on when the contract is executed.
- All homes have painted white cabinets – at this time there are no other options.
- All homes have had previously selected exterior colors due to supply chain issues – no changes can be made
- All the homes always include a covered patio
- HOA: $160/mo. – communities amenities include: Clubhouse, Fitness Center, Party Room, Play Area, Pool, Trail(s)
Pricing
If the list states “Price TBD” – it means the builder doesn’t know the final price as pricing is based on labor and materials and these items are still unclear due to the supply chain interaction we are seeing and experiencing.
Unit | Stage | Projected Completion | MLS / Price | Beds | Baths | Sq Ft | Garage |
28 | Drywall | January February | $233,084 | 2 | 2 | 1,187 | 2 |
147 | Drywall | January/February | $233,085 | 3 | 2 | 1,300 | 2 |
149 | Drywall | January/February | $234,462 | 2 | 2 | 1,187 | 2 |
151 | Drywall | January/February | Price TBD | 3 | 2 | 1,434 | 2 |
153 | Insulation | March/April | Price TBD | 3 | 2 | 1,434 | 2 |
154 | Insulation | March/April | Price TBD | 3 | 2 | 1,458 | 2 |
155 | Framing | May/June | Price TBD | 3 | 2 | 1,434 | 2 |
156 | Framing | May/June | Price TBD | 3 | 2 | 1,443 | 2 |
157 | Footing | June/July | Price TBD | 3 | 2 | 1,300 | 2 |
158 | Footing | June/July | Price TBD | 3 | 2 | 1,341 | 2 |
159 | Footing | June/July | Price TBD | 3 | 2 | 1,458 | 2 |
168* | Mechanical | April/May | $234,772 | 3 | 2 | 1,336 | 2 |
171 | Mechanical | April/May | Price TBD | 3 | 2 | 1,336 | 2 |
201 | Drywall | February | $226,950 | 2 | 2 | 1,195 | 2 |
210 | Framing | May/June | Price TBD | 3 | 2 | 1,443 | 2 |
211 | Framing | May/June | Price TBD | 3 | 2 | 1,458 | 2 |
Analysis
- The following analysis is for unit 168 above based on a purchase price of $235,000
Financing Assumptions | |||
Down Payment (%) | 25% | ||
Down Payment Amount | $58,750 | ||
Financed Amount | $176,250 | ||
Interest Rate | 3.40% | ||
Mortgage Term (Years) | 30 | ||
Monthly Mortgage Payment | $782 | ||
Cash Outlay (Total Out of Pocket) | $66,250 |
Financial Assumptions | Monthly | Yearly | ||
Rent (upper) | $2,000 | $24,000 | ||
Rent (lower) | $1,800 | $21,600 | ||
Property Tax Rate (Approx.) | 1.42% | |||
Property Taxes | $250 | $3,000 | ||
Insurance | $95 | $1,140 | ||
Repairs | $55 | $660 | ||
Variable-Cost PM | 7.2% | |||
Property Management Fee | $137 | $1,642 | ||
Leasing Fee | $53.4 | $641 | ||
HOA | $160 | $1,920 | ||
Vacancy Rate | 4.0% | |||
Total Fixed Expenses | $821 | $9,849 | ||
Total Expenses (Fixed + Mortgage) | $1,602 | $19,229 |
Financial Analysis / Deal Attractiveness | ||
Years: | 5 | 10 |
Cap Rate | 6.2% | 7.2% |
Net Cash Flow | $20,498 | $48,012 |
Equity Increase | $71,610 | $158,151 |
Total Gain | $92,108 | $206,162 |
Average Cash Flow/Year | $4,100 | $4,801 |
Average Cash Flow/Month | $342 | $400 |
Average Gain/Year | $18,422 | $20,616 |
Average ROI | 139.0% | 311.2% |
Annual ROI | 27.8% | 31.1% |
Projected Property Value | $298,627 | $363,326 |
FAQ
- How much is the HOA?
- $160/month
- Is any warranty provided?
- We are waiting for specifics from the builder regarding it
- Can I buy with a mortgage?
- Yes, and we have preferred lenders for you to use if you wish.
- Do you have a local property manager we can use?
- Yes, we sure do.
- Can I buy cash?
- Yes, of course.
- Can I buy more than 1 property?
- Yes.
- What does the builder provide as part of the purchase?
- We are waiting for specifics from the builder regarding it
- Would I need to purchase anything after the closing?
- We are waiting for specifics from the builder regarding it
- Since this is a new construction am I required to hold an inspection?
- Required? No. Recommended? yes.
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.
- Updated On:
- May 2, 2023
- 3 Bedrooms
- 2 Bathrooms
- 1,300.00 ft2
- Year Built: 2022






- Principal and Interest
- Property Tax
- HOA fee