Rare Inexpensive Rental ($140k) In Good Schools (Kansas City, MO)

Property Description

Your next step

1. For questions – place a comment below in the comment section.
2. To make an offer send an email to meet@simplydoit.net

About this house

Located approx. 25 minutes from downtown KC

Nearby/close proximity large employers are: City, Durvet, Fike Corporation, Gemaco Playing Cards, Haldex, HMP DME, Home Depot, HyVee, Kohl’s, Meyer Laboratory, Price Chopper, Smurfit Stone Container, St. Mary’s Hospital, Wal-Mart.

Well-maintained raised ranch features brand new carpet, lots of living space, great natural light, and new paint.

The basement is ready to be finished and already has a bathroom!

The patio and enormous yard will be perfect for entertaining.

There are hardwood floors under the carpet too!

Schools: 7, 8, 8

Upside potential: finish the basement to add more bedrooms/family room to increase value/or rent rate.

What’s the upside potential: finish the basement to increase livable sq ft. beds and value.

Possible Plan

1. Evaluate value when sq ft is completed
2. Estimate cost of finishing basement
3. If #s work:
   1. Purchase
   2. Rent
   3. work on basement WHILE house is rented /or finish basement first
4. Instead of fixing up a house to create value, we are improving a house

Agents note:

“There is a full bath with shower in the basement. I think there are hardwood floors upstairs under the carpet. This home does have potential!”

Documents available:

1. Seller disclosure statement 
2. Inspection report
3. Foundation report

Rental Analysis

Cash purchase

Assumptions 

Analysis / Deal Attractiveness

25% Downpayment – 75% Mortgage 

Assumptions 

Analysis / Deal Attractiveness