$295,000
3321-3323 Monroe Ave
Kansas City MO, 64128
Financial Returns
FinancingCash Flow/mo: $1,129
CashCash Flow/mo: $2,484
31.57%IRR
9.86%CAP Rate
18.03%Cash On Cash
$5,000Equity
Property Information
- Beds: 5
- Baths: 2
- Sq Feet: 2,420
- Year: 1930
- Monthly Rent: $2,750
- Property Taxes: $675
- Annual HOA: $0
DUPLEX that is rehabbed and rented!
*SELLER TO CONTRIBUTE 2% TOWARDS BUYERS CLOSING COSTS!
*FREE PROPERTY MANAGEMENT FOR THE FIRST 12 MONTHS! LIMITED TIME OFFER! After that it is a flat $109 mgmt fee.
*90 day warranty on all repairs, 1 year warranty on all major repair items!
Lease term:
Unit 3321: 04/01/2026 -- 04/01/2027
Unit 3323: 06/01/2026 -- 06/01/2027
Financial Projections
Debt (219k, 213k, 206k, 186k) Equity (78k, 83k, 90k, 110k) Appreciation (15k, 48k, 84k, 192k) Cash Positioning (14k, 43k, 77k, 179k)
Financing Assumptions
| Loan Amount | $221,250 |
| Financed Rehab Amount | $0 |
| Interest Rate | 6.2% |
| Mortgage (yrs) | 30.0 |
| Mortgage Payment | $1,355 |
Initial Investment
| Down Payment (25%) | $73,750 |
| Credit From Seller | -$6,000 |
| Rehab Amount | $0 |
| Est Closing Cost (1%) | $2,950 |
| Points (2%) | $4,425 |
| Total Out Of Pocket | $75,125 |
Property KPI Without Financing
| Annual Cash Flow | $29,805 |
| All In Cost | $302,375 |
| Cap Rate | 9.86% |
Property KPI With Financing
| Annual Cash Flow | $13,544 |
| Total Out Of Pocket | $75,125 |
| Cash On Cash | 18.03% |
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 | 7.84% | 7.84% | 7.84% | 7.84% | |
| Monthly | Year 1 | Year 3 | Year 5 | Year 10 | |
|---|---|---|---|---|---|
| Revenues | |||||
| Potential Rental Income | $2,750 | $33,000 | $35,010 | $37,142 | $43,058 |
| Vacancy Rate (2%) | $55 | $660 | $700 | $743 | $861 |
| Gross Rental Income | $2,695 | $32,340 | $34,310 | $36,399 | $42,196 |
| Expenses | |||||
| Estimated Annual Property Taxes | $56 | $675 | $716 | $760 | $881 |
| Estimated Annual Homeowners Insurance | $74 | $890 | $944 | $1,002 | $1,161 |
| Maintenance & Repairs (3%) | $81 | $970 | $1,029 | $1,092 | $1,266 |
| 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 | $211 | $2,535 | $2,690 | $2,853 | $3,308 |
| Returns Without Financing | |||||
| NOI (Cash Available) | $2,484 | $29,805 | $31,620 | $33,546 | $38,889 |
| Net Cashflow | $29,805 | $31,620 | $33,546 | $38,889 | |
| Cap Rate | 9.86% | 10.46% | 11.09% | 12.86% | |
| Returns With Financing | |||||
| NOI (Cash Available) | $2,484 | $29,805 | $31,620 | $33,546 | $38,889 |
| Mortgage | $1,355 | $16,261 | $16,261 | $16,261 | $16,261 |
| Net Cashflow | $13,544 | $15,359 | $17,285 | $22,627 | |
| Cash On Cash | 18.03% | 20.44% | 23.01% | 30.12% | |
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.