$190,000
8102 Highland Ave
Kansas City MO, 64131
Financial Returns
FinancingCash Flow/mo: $786
CashCash Flow/mo: $1,640
32.79%IRR
10.01%CAP Rate
18.73%Cash On Cash
$20,000Equity
Property Information
- Beds: 4
- Baths: 2
- Sq Feet: 1,496
- Year: 1936
- Monthly Rent: $1,850
- Property Taxes: $545
- Annual HOA: $0
This property is rehabbed and advertising for a tenant.
*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 a month!
*90 day warranty on all repairs, 1 year warranty on all major repair items!
Financial Projections
Debt (141k, 137k, 133k, 119k) Equity (52k, 56k, 60k, 74k) Appreciation (10k, 33k, 58k, 134k) Cash Positioning (9k, 30k, 53k, 123k)
Financing Assumptions
| Loan Amount | $142,500 |
| Financed Rehab Amount | $0 |
| Interest Rate | 6% |
| Mortgage (yrs) | 30.0 |
| Mortgage Payment | $854 |
Initial Investment
| Down Payment (25%) | $47,500 |
| Credit From Seller | -$3,800 |
| Rehab Amount | $0 |
| Est Closing Cost (2%) | $3,800 |
| Points (2%) | $2,850 |
| Total Out Of Pocket | $50,350 |
Property KPI Without Financing
| Annual Cash Flow | $19,684 |
| All In Cost | $196,650 |
| Cap Rate | 10.01% |
Property KPI With Financing
| Annual Cash Flow | $9,432 |
| Total Out Of Pocket | $50,350 |
| Cash On Cash | 18.73% |
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 | 9.52% | 9.52% | 9.52% | 9.52% | |
| Monthly | Year 1 | Year 3 | Year 5 | Year 10 | |
|---|---|---|---|---|---|
| Revenues | |||||
| Potential Rental Income | $1,850 | $22,200 | $23,552 | $24,986 | $28,966 |
| Vacancy Rate (2%) | $37 | $444 | $471 | $500 | $579 |
| Gross Rental Income | $1,813 | $21,756 | $23,081 | $24,487 | $28,387 |
| Expenses | |||||
| Estimated Annual Property Taxes | $45 | $545 | $578 | $613 | $711 |
| Estimated Annual Homeowners Insurance | $73 | $874 | $927 | $984 | $1,140 |
| Maintenance & Repairs (3%) | $54 | $653 | $692 | $735 | $852 |
| 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 | $173 | $2,072 | $2,198 | $2,332 | $2,703 |
| Returns Without Financing | |||||
| NOI (Cash Available) | $1,640 | $19,684 | $20,883 | $22,155 | $25,684 |
| Net Cashflow | $19,684 | $20,883 | $22,155 | $25,684 | |
| Cap Rate | 10.01% | 10.62% | 11.27% | 13.06% | |
| Returns With Financing | |||||
| NOI (Cash Available) | $1,640 | $19,684 | $20,883 | $22,155 | $25,684 |
| Mortgage | $854 | $10,252 | $10,252 | $10,252 | $10,252 |
| Net Cashflow | $9,432 | $10,631 | $11,903 | $15,431 | |
| Cash On Cash | 18.73% | 21.11% | 23.64% | 30.65% | |
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.