What's Available Wednesday? Kansas City!

This week we are excited to bring you one of the many new Kansas City properties we’ve found! This batch of turnkey properties are all single family homes, fully-renovated, and with renters and property management in place as a condition of closing. Perfect to add to your real estate investing portfolio!

Oh, and did we mention the cash flow?? Here’s why you should invest in Kansas City (and why these properties won’t last long!): Kansas City is being developed as a strategic rail-hub to serve all points in the U.S. There are multi-billion dollar development projects around the city resulting in job creation, property growing, and increasing rental demand.

So check out this single family home. Will it be your next investment?

Location: Kansas City, MO. Built In: 1973 (fully renovated)

Purchase price: $132,000 (not a foreclosure, normal sale)

Property info: 3 bedrooms, 1.5 bathrooms, 1356 square feet, 1.5 story, 2 car parking

Income

Monthly rent collected: $1,100

Expenses

Monthly expenses

Property taxes: $88

Insurance: $52

Property management fees: $88

Monthly expenses (conservatively estimated)

Vacancy (7%): $77

Repairs (5%): $55

Total Monthly Expenses- $350

Net Income = Income – Expenses = $750

Advanced Numbers

Cap Rate =

annual net income (non-inclusive of mortgage payment) / purchase price =6.82%

Cash-on-cash return =

Depends on your leveraging.

Special Terms:

  • 90 day Seller Warranty

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

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!

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