Today we have another great single family Kansas City turnkey property for you to check out: 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: 1959 (fully renovated)
Purchase price: $82,000 (not a foreclosure, normal sale)
Property info: 3 bedrooms, 1 bathroom, 960 square feet, 1 story, 1 car parking
Monthly rent collected: $825
Property taxes: $59
HOA Fee: $3
Property management fees: $66
Monthly expenses (conservatively estimated)
Vacancy (7%): $58
Repairs (5%): $41
Total Monthly Expenses- $269
Net Income = Income – Expenses = $557
Cap Rate =
annual net income (non-inclusive of mortgage payment) / purchase price =8.14%
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.