$195,000
8413 Olive St
Kansas City MO, 64132
Financial Returns
FinancingCash Flow/mo: $704
CashCash Flow/mo: $1,628
30.85%IRR
9.68%CAP Rate
16.34%Cash On Cash
$25,000Equity
Property Information
- Beds: 4
- Baths: 2
- Sq Feet: 1,237
- Year: 1924
- Monthly Rent: $1,800
- Property Taxes: $148
- Annual HOA: $0
This property is freshly renovated and being advertised for a tenant. Great location!
*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!
Financial Projections
Debt (145k, 141k, 137k, 124k) Equity (53k, 57k, 61k, 74k) Appreciation (11k, 35k, 61k, 141k) Cash Positioning (8k, 27k, 48k, 113k)
Financing Assumptions
| Loan Amount | $146,250 |
| Financed Rehab Amount | $0 |
| Interest Rate | 6.5% |
| Mortgage (yrs) | 30.0 |
| Mortgage Payment | $924 |
Initial Investment
| Down Payment (25%) | $48,750 |
| Credit From Seller | -$3,900 |
| Rehab Amount | $0 |
| Est Closing Cost (2%) | $3,900 |
| Points (2%) | $2,925 |
| Total Out Of Pocket | $51,675 |
Property KPI Without Financing
| Annual Cash Flow | $19,535 |
| All In Cost | $201,825 |
| Cap Rate | 9.68% |
Property KPI With Financing
| Annual Cash Flow | $8,442 |
| Total Out Of Pocket | $51,675 |
| Cash On Cash | 16.34% |
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 | 7.71% | 7.71% | 7.71% | 7.71% | |
| 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 | $12 | $148 | $157 | $167 | $193 |
| Estimated Annual Homeowners Insurance | $71 | $850 | $902 | $957 | $1,109 |
| 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 | $136 | $1,633 | $1,732 | $1,838 | $2,131 |
| Returns Without Financing | |||||
| NOI (Cash Available) | $1,628 | $19,535 | $20,725 | $21,987 | $25,489 |
| Net Cashflow | $19,535 | $20,725 | $21,987 | $25,489 | |
| Cap Rate | 9.68% | 10.27% | 10.89% | 12.63% | |
| Returns With Financing | |||||
| NOI (Cash Available) | $1,628 | $19,535 | $20,725 | $21,987 | $25,489 |
| Mortgage | $924 | $11,093 | $11,093 | $11,093 | $11,093 |
| Net Cashflow | $8,442 | $9,632 | $10,894 | $14,396 | |
| Cash On Cash | 16.34% | 18.64% | 21.08% | 27.86% | |
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.