$192,500
205 S Huttig Ave
Independence MO, 64053
Financial Returns
FinancingCash Flow/mo: $679
CashCash Flow/mo: $1,591
29.11%IRR
9.58%CAP Rate
15.97%Cash On Cash
$0Equity
Property Information
- Beds: 4
- Baths: 2
- Sq Feet: 1,295
- Year: 1920
- Monthly Rent: $1,800
- Property Taxes: $562
- Annual HOA: $0
This property is rehabbed and rented!
*SELLER TO CONTRIBUTE 2% TOWARDS BUYERS CLOSING COSTS!
*FREE PROPERTY MANAGEMENT FOR THE FIRST 12 MONTHS! After that it is a flat $109 a month.
*90 day warranty on all repairs, 1 year warranty on all major repair items!
Lease term: 07/01/2026 -- 07/01/2027
Financial Projections
Debt (143k, 139k, 135k, 122k) Equity (53k, 56k, 60k, 73k) Appreciation (10k, 31k, 54k, 123k) Cash Positioning (8k, 26k, 47k, 109k)
Financing Assumptions
| Loan Amount | $144,375 |
| Financed Rehab Amount | $0 |
| Interest Rate | 6.5% |
| Mortgage (yrs) | 30.0 |
| Mortgage Payment | $913 |
Initial Investment
| Down Payment (25%) | $48,125 |
| Credit From Seller | -$3,850 |
| Rehab Amount | $0 |
| Est Closing Cost (2%) | $3,850 |
| Points (2%) | $2,888 |
| Total Out Of Pocket | $51,013 |
Property KPI Without Financing
| Annual Cash Flow | $19,096 |
| All In Cost | $199,238 |
| Cap Rate | 9.58% |
Property KPI With Financing
| Annual Cash Flow | $8,145 |
| Total Out Of Pocket | $51,013 |
| Cash On Cash | 15.97% |
Swipe the table to see Year 1 to Year 10 →
| Annual Revenue Increase | 3% | 3% | 3% | 3% | |
| Annual Operating Expense Increase | 3% | 3% | 3% | 3% | |
| Annual Expense Ratio | 9.79% | 9.79% | 9.79% | 9.79% | |
| Monthly | Year 1 | Year 3 | Year 5 | Year 10 | |
|---|---|---|---|---|---|
| Revenues | |||||
| Potential Rental Income | $1,800 | $21,600 | $22,915 | $24,311 | $28,183 |
| Vacancy Rate (2%) | $36 | $432 | $458 | $486 | $564 |
| Gross Rental Income | $1,764 | $21,168 | $22,457 | $23,825 | $27,619 |
| Expenses | |||||
| Estimated Annual Property Taxes | $47 | $562 | $596 | $633 | $733 |
| Estimated Annual Homeowners Insurance | $73 | $875 | $928 | $985 | $1,142 |
| Maintenance & Repairs (3%) | $53 | $635 | $674 | $715 | $829 |
| Estimated Annual Prop Mgmt Fee (0%) | $0 | $0 | $0 | $0 | $0 |
| Estimated Annual HOA Dues | $0 | $0 | $0 | $0 | $0 |
| Utilities | $0 | $0 | $0 | $0 | $0 |
| Reserves | $0 | $0 | $0 | $0 | $0 |
| Total Expenses | $173 | $2,072 | $2,198 | $2,332 | $2,704 |
| Returns Without Financing | |||||
| NOI (Cash Available) | $1,591 | $19,096 | $20,259 | $21,493 | $24,916 |
| Net Cashflow | $19,096 | $20,259 | $21,493 | $24,916 | |
| Cap Rate | 9.58% | 10.17% | 10.79% | 12.51% | |
| Returns With Financing | |||||
| NOI (Cash Available) | $1,591 | $19,096 | $20,259 | $21,493 | $24,916 |
| Mortgage | $913 | $10,951 | $10,951 | $10,951 | $10,951 |
| Net Cashflow | $8,145 | $9,308 | $10,542 | $13,965 | |
| Cash On Cash | 15.97% | 18.25% | 20.67% | 27.38% | |
Property Photos
Projections assume 3% annual rent growth and 3% annual expense growth, based on the Turnkey End Buyer strategy. All figures are estimates for information only. Verify independently before investing.