This South Kansas City charmer is conveniently located near major highways and shopping centers. It has been fully rehabbed and features new carpet throughout. This property also offers a detached garage, an outdoor storage area, and a covered front porch to perfectly complement the large treed lot.
Additional work includes new kitchen appliances and fixtures, as well as an exterior facelift and complete electrical upgrade.
Property currently leased through January 2017.
Maintenance & Vacancy: $45
Estimated Loan Amount: $55,920
Estimated Monthly Loan Payment: $267
ESTIMATED MONTHLY NET INCOME: $251
DISCLOSURE: Property management fees are calculated at 10% of gross monthly rent. Multi-family management fees vary and are at the discretion of the author. Insurance rates are calculated at $50 per month. Vacancy/Maintenance is calculated at 6% of the gross monthly rent. Down payment is calculated at 20% of the purchase price. Loan payment is calculated at 4% APR over 30 years. Recent sales and neighborhood snapshot pulled from online resources including websites, such as local MLS and City-Data. Cash on cash is defined as the cash income realized on the cash invested. It is the customers responsibility to check the accuracy of all data sheets. MC Properties and/or its affiliates do not assume, warrant, or guarantee current or future values, rents, or costs. Purchasing rental properties involves risk and may not be for all investors. Investors should take legal advise before entering into a contract. Leveraging properties results in a higher degree of risk. Losses may be incurred greater than the amount initially deposited. Opinions, estimates, and projections in this report constitute the current judgement of the author.