What's Available Wednesday? Kansas City!We 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. Will it be your next investment?

Location: Kansas City, MO

Built In: 1956 (but fully renovated)

Purchase price: $72,000 (not a foreclosure, normal sale)

Property info: 4 bedrooms, 1 bathroom, 1,090 square feet, 1 story

Income

Monthly rent collected: $875

Expenses

Monthly expenses

Property taxes: $64

Insurance: $50

Property management fees: $71

Monthly expenses (conservatively estimated)

Vacancy (7%): $61

Repairs (5%): $44

Total Monthly Expenses- $290

Net Income = Income – Expenses = $585

Advanced Numbers

Cap Rate =

annual net income (non-inclusive of mortgage payment) / purchase price = 9.75%

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
  • Lisa Kinder
    Reply

    I would be interested in looking at the specs on the Kansas City property you just listed. Is there another website I can see specific info on? Please contact me via email. Is this location currently rented? Does the property manager continue with this type of investment?

    • Ali
      Reply

      Hi Lisa, we’ll shoot you an email (no later than tonight). Yes, we can show you more details on the property. All of these properties will be rented out before purchased (most of them are still being rehabbed, but tenants will be placed before a buyer closes), and not sure what you mean about the property manager?

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