What's Available Wednesday? Kansas City!

We’re back with another Kansas City turnkey property, fully renovated 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?? Kansas City is a great market to invest in because it’s being developed as a strategic rail-hub to serve all points in the U.S. Plus, 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: 1954 (fully renovated)

Purchase price: $140,000 (not a foreclosure, normal sale)

Property info: 3 bedrooms, 1 bathroom, 1019 square feet, 1 story, 1 car parking

Income

Monthly rent collected: $1,125

Expenses

Monthly expenses

Property taxes: $110

Insurance: $42

Property management fees: $90

Monthly expenses (conservatively estimated)

Vacancy (7%): $79

Repairs (5%): $56

Total Monthly Expenses- $377

Net Income = Income – Expenses = $748

Advanced Numbers

Cap Rate =

annual net income (non-inclusive of mortgage payment) / purchase price =6.41%

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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