We’re back with another Kansas City turnkey property! These properties are fully renovated with renters and property management in place as a condition of closing. Perfect to add to your real estate investing portfolio (with an estimated $643 in monthly 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: 1959 (fully renovated)
Purchase price: $107,000 (not a foreclosure, normal sale)
Property info: 3 bedrooms, 1 bathroom, 1184 square feet, 1.5 story, 2 car parking
Monthly rent collected: $925
Property taxes: $64
Property management fees: $74
Monthly expenses (conservatively estimated)
Vacancy (7%): $65
Repairs (5%): $46
Total Monthly Expenses- $282
Net Income = Income – Expenses = $643
Cap Rate =
annual net income (non-inclusive of mortgage payment) / purchase price =7.21%
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.