New Construction Homes in N. Kansas City – Completion Planned for 2022

$ 235,000
Kansas City,
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Overview

  • Updated On:
  • November 16, 2021
  • 3 Bedrooms
  • 2 Bathrooms
  • 1,300.00 ft2
  • Year Built: 2022

Property Description

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)

 

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

 

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.

Address: Kansas City
State/County:
Zip: 64160
Country: United States
Open In Google Maps
Property Id : 39555
Price: $ 235,000
Property Size: 1,300.00 ft2
Property Lot Size: 5,000.00 ft2
Bedrooms: 3
Bathrooms: 2
Year Built: 2022
Garage: Garage
Garage Size: 2
Available from: 2022
Basement: none
Other Features
balcony
covered patio
front yard
gym
pound
private space
recreation
walkscore1 / Car-Dependent more details here
1187 2 beds
size: 1187 ft2
rooms: 2
baths: 2
1187 2 beds
1300 3 beds
size: 1300 ft2
rooms: 3
baths: 2
1300 3 beds

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