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Property details
Beds2
Baths1
Square feet864
Year built1900
Property typeSingle Family
CountyJackson County
Proforma Turnkey End Buyer
Cash on Cash13.93%
Cap Rate9.26%
IRR26.79%
DSCR1.91x
ARV$120,000
Equity$12,000
Purchase & Financing
| Purchase price | $108,000 |
| Closing costs | $1,080 |
| Down payment (30%) | $32,400 |
| Loan amount | $75,600 |
| Loan points | $1,512 |
| Interest rate | 5.88% |
| Loan term | 30 years |
| Total out of pocket | $34,992 |
Income & Expenses
| Monthly | Annual | |
|---|---|---|
| Gross rent | $999 | $11,988 |
| Vacancy | ($20) | ($240) |
| Property taxes | ($38) | ($454) |
| Insurance | ($58) | ($700) |
| Maintenance | ($29) | ($352) |
| Net operating income | $853 | $10,242 |
| Mortgage (P&I) | ($447) | ($5,366) |
| Net cash flow | $406 | $4,875 |
View full proforma & projections
Projections are based on current rent, taxes, insurance and financing assumptions and are estimates only. Verify all figures independently before investing.
About this property
2/1 home nicely renovated and rented, seller has put $20,000 into the property over the last few years and the list of renovations is extensive. The seller has an appraisal for $120,000 from 2023. The rents are at $975 right now but go to $999 in April. Cash flow like this and getting a price this attractive in a major metro like Kansas City is hard to come by.