$205,000
6011 Chestnut Ave
Kansas City MO, 64130
Financial Returns
FinancingCash Flow/mo: $743
CashCash Flow/mo: $1,715
31.82%IRR
9.70%CAP Rate
16.41%Cash On Cash
$45,000Equity
Property Information
- Beds: 5
- Baths: 3
- Sq Feet: 1,995
- Year: 1915
- Monthly Rent: $1,970
- Property Taxes: $696
- Annual HOA: $0
This property is rehabbed and currently advertising for a tenant! We had this recently appraised and it came in at $285,000. We believe that may be a little high, so we think it is more around $250,000. Very close to the hospital!
*SELLER TO CONTRIBUTE 2% TOWARDS BUYERS CLOSING COSTS!
*FREE PROPERTY MANAGEMENT FOR THE FIRST 12 MONTHS! After that it is a flat $109 monthly fee.
*90 day warranty on all repairs, 1 year warranty on all major repair items!
Lease term: 08/01/2026 -- 08/01/2027
Financial Projections
Debt (152k, 148k, 144k, 130k) Equity (56k, 60k, 64k, 78k) Appreciation (12k, 39k, 69k, 160k) Cash Positioning (9k, 29k, 51k, 119k)
Financing Assumptions
| Loan Amount | $153,750 |
| Financed Rehab Amount | $0 |
| Interest Rate | 6.5% |
| Mortgage (yrs) | 30.0 |
| Mortgage Payment | $972 |
Initial Investment
| Down Payment (25%) | $51,250 |
| Credit From Seller | -$4,100 |
| Rehab Amount | $0 |
| Est Closing Cost (2%) | $4,100 |
| Points (2%) | $3,075 |
| Total Out Of Pocket | $54,325 |
Property KPI Without Financing
| Annual Cash Flow | $20,576 |
| All In Cost | $212,175 |
| Cap Rate | 9.7% |
Property KPI With Financing
| Annual Cash Flow | $8,915 |
| Total Out Of Pocket | $54,325 |
| Cash On Cash | 16.41% |
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 | 11.18% | 11.18% | 11.18% | 11.18% | |
| Monthly | Year 1 | Year 3 | Year 5 | Year 10 | |
|---|---|---|---|---|---|
| Revenues | |||||
| Potential Rental Income | $1,970 | $23,640 | $25,080 | $26,607 | $30,845 |
| Vacancy Rate (2%) | $39 | $473 | $502 | $532 | $617 |
| Gross Rental Income | $1,931 | $23,167 | $24,578 | $26,075 | $30,228 |
| Expenses | |||||
| Estimated Annual Property Taxes | $58 | $696 | $738 | $783 | $908 |
| Estimated Annual Homeowners Insurance | $100 | $1,200 | $1,273 | $1,351 | $1,566 |
| Maintenance & Repairs (3%) | $58 | $695 | $737 | $782 | $907 |
| 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 | $216 | $2,591 | $2,749 | $2,916 | $3,381 |
| Returns Without Financing | |||||
| NOI (Cash Available) | $1,715 | $20,576 | $21,829 | $23,159 | $26,847 |
| Net Cashflow | $20,576 | $21,829 | $23,159 | $26,847 | |
| Cap Rate | 9.7% | 10.29% | 10.91% | 12.65% | |
| Returns With Financing | |||||
| NOI (Cash Available) | $1,715 | $20,576 | $21,829 | $23,159 | $26,847 |
| Mortgage | $972 | $11,662 | $11,662 | $11,662 | $11,662 |
| Net Cashflow | $8,915 | $10,168 | $11,497 | $15,186 | |
| Cash On Cash | 16.41% | 18.72% | 21.16% | 27.95% | |
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.