$108,000
6238 E 12th St
Kansas City MO, 64126
Financial Returns
FinancingCash Flow/mo: $406
CashCash Flow/mo: $853
26.79%IRR
9.26%CAP Rate
13.93%Cash On Cash
$12,000Equity
Property Information
- Beds: 2
- Baths: 1
- Sq Feet: 864
- Year: 1900
- Monthly Rent: $999
- Property Taxes: $454
- Annual HOA: $0
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.
Financial Projections
Debt (75k, 73k, 70k, 63k) Equity (36k, 38k, 40k, 48k) Appreciation (6k, 19k, 33k, 77k) Cash Positioning (5k, 16k, 28k, 64k)
Financing Assumptions
| Loan Amount | $75,600 |
| Financed Rehab Amount | $0 |
| Interest Rate | 5.875% |
| Mortgage (yrs) | 30.0 |
| Mortgage Payment | $447 |
Initial Investment
| Down Payment (30%) | $32,400 |
| Rehab Amount | $0 |
| Est Closing Cost (1%) | $1,080 |
| Points (2%) | $1,512 |
| Total Out Of Pocket | $34,992 |
Property KPI Without Financing
| Annual Cash Flow | $10,242 |
| All In Cost | $110,592 |
| Cap Rate | 9.26% |
Property KPI With Financing
| Annual Cash Flow | $4,875 |
| Total Out Of Pocket | $34,992 |
| Cash On Cash | 13.93% |
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 | 12.82% | 12.82% | 12.82% | 12.82% | |
| Monthly | Year 1 | Year 3 | Year 5 | Year 10 | |
|---|---|---|---|---|---|
| Revenues | |||||
| Potential Rental Income | $999 | $11,988 | $12,718 | $13,493 | $15,642 |
| Vacancy Rate (2%) | $20 | $240 | $254 | $270 | $313 |
| Gross Rental Income | $979 | $11,748 | $12,464 | $13,223 | $15,329 |
| Expenses | |||||
| Estimated Annual Property Taxes | $38 | $454 | $482 | $511 | $592 |
| Estimated Annual Homeowners Insurance | $58 | $700 | $743 | $788 | $913 |
| Maintenance & Repairs (3%) | $29 | $352 | $374 | $397 | $460 |
| 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 | $126 | $1,506 | $1,598 | $1,696 | $1,966 |
| Returns Without Financing | |||||
| NOI (Cash Available) | $853 | $10,242 | $10,866 | $11,527 | $13,363 |
| Net Cashflow | $10,242 | $10,866 | $11,527 | $13,363 | |
| Cap Rate | 9.26% | 9.82% | 10.42% | 12.08% | |
| Returns With Financing | |||||
| NOI (Cash Available) | $853 | $10,242 | $10,866 | $11,527 | $13,363 |
| Mortgage | $447 | $5,366 | $5,366 | $5,366 | $5,366 |
| Net Cashflow | $4,875 | $5,499 | $6,161 | $7,997 | |
| Cash On Cash | 13.93% | 15.72% | 17.61% | 22.85% | |
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.