waw-kansas-city-september-15We are back! In  the legendary Kansas City… Home of jazz, BBQ, and cash flow properties! You are here at exactly the right time because big things are going on in the KC real estate market.

Why buy investment properties in Kansas City? There has been an 8.5% increase in median rent over the past year, Warren Buffet and other major investors are pouring billions into the city, and there is only a 5.2% Unemployment Rate (compared with 5.6% national average). Not to mention the city is in the early stage of the recovery cycle (which means optimal price-to-rent ratios and upside potential for savvy investors!).

So check out this adorable single family home with $970 coming in every month. Will it be your next investment?

Location: Kansas City, MO

Built In: 1953 (but fully renovated)

Purchase price: $199,000 (not a foreclosure, normal sale)

Property info: 3 bedrooms, 3 bathrooms, 1,870 square feet, 2 stories, 2 car garage

Income

Monthly rent collected: $1,600

Expenses

Monthly expenses

Property taxes: $185

Insurance: $125

Property management fees: $128

Monthly expenses (conservatively estimated)

Vacancy (7%): $112

Repairs (5%): $80

Total Monthly Expenses- $630

Net Income = Income – Expenses = $970

Advanced Numbers

Cap Rate =

annual net income (non-inclusive of mortgage payment) / purchase price = 5.85%

Cash-on-cash return =

Depends on your leveraging.

Special Terms

  • 12 Month Rental Warranty
  • 12 Month Maintenance Warranty

If you are interested in this property or seeing others like it, contact Melissa at melissa@hipsterinvestments.com.

Take the plunge: you won’t regret it!

Want to see more deals like this?
We’ll send them to you!

Want to see more deals like this? We'll send them to you!

Comments
  • gordon
    Reply

    I am wholesaling houses in the Kansas city. I mail directly to homeowners to find my deals. I am able to get better deals this way and no competition compared to the multiple listing service. send me a message if you want to hear about my next deal or two.

    • Ali
      Reply

      Hi Gordon, thanks but we don’t currently work with wholesalers. Best of luck though!

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