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

$ 135,000 Suggsted offer
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SOLD

Overview

  • Updated On:
  • November 23, 2020
  • 3 Bedrooms
  • 2 Bathrooms
  • 1,152.00 ft2
  • Year Built: 1964

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

 

 

 

 

State/County:
Zip: 64015
Country: United States
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Property Id : 25551
Price: $ 135,000 Suggsted offer
Property Size: 1,152.00 ft2
Rooms: 9718
Bedrooms: 3
Bathrooms: 2
Year Built: 1964
Garage: Garage
Garage Size: 2-car
Basement: Partila finsih
Rent (mo): 1150
ROI (ann): 22.5
Cashflow (mo): 284
Property Taxes (mo): 152
Insurance (mo): 85
Repairs (mo): 85
Management Fee (mo): 56
Leasing Fee (ann): 390
HOA (mo): 0
Vacancy Rate (ann): 4
walkscore4 / Car-Dependent more details here

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