$407,500
5231 The Paseo
Kansas City MO, 64110
Financial Returns
FinancingCash Flow/mo: $1,043
CashCash Flow/mo: $3,015
26.35%IRR
8.66%CAP Rate
12.05%Cash On Cash
$12,500Equity
Property Information
- Beds: 8
- Baths: 4
- Sq Feet: 2,993
- Year: 1928
- Monthly Rent: $3,335
- Property Taxes: $1,096
- Annual HOA: $0
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
Financial Projections
Debt (302k, 295k, 287k, 260k) Equity (107k, 114k, 123k, 149k) Appreciation (21k, 67k, 117k, 269k) Cash Positioning (13k, 41k, 74k, 178k)
Financing Assumptions
| Loan Amount | $305,625 |
| Financed Rehab Amount | $0 |
| Interest Rate | 6.7% |
| Mortgage (yrs) | 30.0 |
| Mortgage Payment | $1,972 |
Initial Investment
| Down Payment (25%) | $101,875 |
| Credit From Seller | -$8,150 |
| Rehab Amount | $0 |
| Est Closing Cost (1%) | $4,075 |
| Points (2%) | $6,113 |
| Total Out Of Pocket | $103,913 |
Property KPI Without Financing
| Annual Cash Flow | $36,186 |
| All In Cost | $417,688 |
| Cap Rate | 8.66% |
Property KPI With Financing
| Annual Cash Flow | $12,520 |
| Total Out Of Pocket | $103,913 |
| Cash On Cash | 12.05% |
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 | 8.79% | 8.79% | 8.79% | 8.79% | |
| Monthly | Year 1 | Year 3 | Year 5 | Year 10 | |
|---|---|---|---|---|---|
| Revenues | |||||
| Potential Rental Income | $3,335 | $40,020 | $42,457 | $45,043 | $52,217 |
| Vacancy Rate (0.87%) | $29 | $348 | $369 | $392 | $454 |
| Gross Rental Income | $3,306 | $39,672 | $42,088 | $44,651 | $51,763 |
| Expenses | |||||
| Estimated Annual Property Taxes | $91 | $1,096 | $1,163 | $1,234 | $1,430 |
| Estimated Annual Homeowners Insurance | $100 | $1,200 | $1,273 | $1,351 | $1,566 |
| Maintenance & Repairs (3%) | $99 | $1,190 | $1,263 | $1,340 | $1,553 |
| 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 | $291 | $3,486 | $3,698 | $3,924 | $4,549 |
| Returns Without Financing | |||||
| NOI (Cash Available) | $3,015 | $36,186 | $38,390 | $40,727 | $47,214 |
| Net Cashflow | $36,186 | $38,390 | $40,727 | $47,214 | |
| Cap Rate | 8.66% | 9.19% | 9.75% | 11.3% | |
| Returns With Financing | |||||
| NOI (Cash Available) | $3,015 | $36,186 | $38,390 | $40,727 | $47,214 |
| Mortgage | $1,972 | $23,666 | $23,666 | $23,666 | $23,666 |
| Net Cashflow | $12,520 | $14,724 | $17,062 | $23,549 | |
| Cash On Cash | 12.05% | 14.17% | 16.42% | 22.66% | |
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.