This week… we have another new Kansas City property! This batch of turnkey properties are 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 turnkey property. Will it be your next investment?
Location: Kansas City, MO. Built In: 1953 (fully renovated)
Purchase price: $80,000 (not a foreclosure, normal sale)
Property info: 3 bedrooms, 1 bathroom, 1176 square feet, 1 story, carport parking
Monthly rent collected: $875
Property taxes: $64
Property management fees: $70
Monthly expenses (conservatively estimated)
Vacancy (7%): $61
Repairs (5%): $44
Total Monthly Expenses- $281
Net Income = Income – Expenses = $594
Cap Rate =
annual net income (non-inclusive of mortgage payment) / purchase price =8.91%
Cash-on-cash return =
Depends on your leveraging.
- 90 day Seller Warranty
If you are interested in this property or seeing others like it, contact Melissa at firstname.lastname@example.org.