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Property details
Beds8
Baths4
Square feet2,993
Year built1928
Property typeMulti Family - 2 Units
CountyJackson County
Proforma Turnkey End Buyer
Cash on Cash12.05%
Cap Rate8.66%
IRR26.35%
DSCR1.53x
ARV$420,000
Equity$12,500
Purchase & Financing
| Purchase price | $407,500 |
| Closing costs | $4,075 |
| Down payment (25%) | $101,875 |
| Loan amount | $305,625 |
| Loan points | $6,113 |
| Interest rate | 6.70% |
| Loan term | 30 years |
| Total out of pocket | $103,913 |
Income & Expenses
| Monthly | Annual | |
|---|---|---|
| Gross rent | $3,335 | $40,020 |
| Vacancy | ($29) | ($348) |
| Property taxes | ($91) | ($1,096) |
| Insurance | ($100) | ($1,200) |
| Maintenance | ($99) | ($1,190) |
| Net operating income | $3,015 | $36,186 |
| Mortgage (P&I) | ($1,972) | ($23,666) |
| Net cash flow | $1,043 | $12,520 |
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
DUPLEX! Fully renovated and rented! Photos coming…
EXTREMELY GOOD AREA!! 2 minutes walk from Rockhurst University, 0.6 miles away from UMKC!
**SELLER TO CONTRIBUTE 2% TOWARDS BUYERS CLOSING COSTS!
*FREE PROPERTY MANAGEMENT FOR THE FIRST 12 MONTHS! After that it is a flat $109 per unit per month fee.
*90 day warranty on all repairs, 1 year warranty on all major repair items!
Leasing term:
Unit A: 05/27/2025 — 05/27/2026
Unit B: 08/15/2025 — 08/15/2026