Gorgeous culsac home in Kansas City [code 18600]

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  • Large 6 bedroom 3 bath home
  • Highly sought after neighborhood
  • Fenced large backyard with wood deck and built in basketball hoop
  • No (low) crime area
  • Over $245/mo. cash flow
  • Hard flooring/carpet throughout
  • Finished basement with wet bar and floor to ceiling fireplace
  • Additional partially finished portion of the basement for additional opportunity to expand
  • located on cul de sac street
  • Attached 3-car garage
  • 8,539 square foot lot

Why should you consider this house / what makes it a good investment?

  • Built: 2001
  • Size: 3,626  sq ft
  • Quiet residential street, Desirable community, good schools

What's next?

Email/text for address, analysis and to get connected to Simply Do It's local team that handles this transaction.

Metro: Kansas City

Team: Meredith/EJ – email directly at kc1@simplydoit.net

Code: 18600

Property Specifications1
 Square Feet3616
 Year Built2001
 Garage Size3
 Schools Rating (on scale of A-F)B

Purchase AssumptionsMy Offer
Offer used for analysis$335,000
Suggested offer (low)$335,000
Suggested offer (high)$345,000
Market Value (after improvements)$337,000
Improvements (lower)$1,500
Improvements (upper)$2,500
Closing Costs$3,350
Mortgage Costs$3,350
Other Fees At Closing$0
Total Cost $343,700

Financial AssumptionsMonthlyYearly
Rent (upper)$2,245$2,295$27,540
Rent (lower)$2,195$26,340
 Property Tax Rate (Approx.)1.4% 
 Property Taxes$390$4,680
Variable-Cost PM7.2% 
Property Management Fee$161$1,926
 Leasing Fee68%$63.1$758
 Vacancy Rate4.0% 
 Total Fixed Expenses$890$10,680
 Total Expenses (Fixed + Mortgage)$2,054$24,643

Financial Analysis / Deal Attractiveness    
 Cap Rate3.2%4.2%5.2%6.3%
 Net Cash Flow$14,801$38,408$71,739$115,806
 Equity Increase$97,943$216,837$361,165$536,373
 Total Gain$112,744$255,245$432,905$652,178
 Average Cash Flow/Year$2,960$3,841$4,783$5,790
 Average Cash Flow/Month$247$320$399$483
 Average Gain/Year$22,549$25,524$28,860$32,609
 Average ROI122.0%276.1%468.3%705.4%
 Annual ROI24.4%27.6%31.2%35.3%
 Projected Property Value$410,012$498,842$606,918$738,408

Property Ratings Suggestions
 Item   Suggested Criteria (Min.)This PropertyFAVORABLE /
 Square Feet 10003,616FAVORABLE
 Bedrooms 36FAVORABLE
 Bathrooms 23FAVORABLE
 Year Built 19702001FAVORABLE
 Rent/Price (%) 0.75%0.69%INSUFFICIENT
 Average Cash Flow (at year 5)$125$247FAVORABLE
 Average ROI (at year 5)15%24.4%FAVORABLE







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Information contained herein was obtained from sources deemed reliable, however, Simply Do It and/or the owner(s) of the property make no guarantees, warranties or representation as to the completeness or accuracy thereof. The presentation of the property is offered subject to errors, omissions, changes in price and/or terms, prior sale or lease or removal from the market for any reason without notice.

The analysis is provided “As Is”. All the information is believed to be accurate (except for the small effects of some simplifying assumptions), but is not guaranteed, and depends on the values entered for the property. This analysis is intended for the purpose of illustrative projections. The information provided is not intended to replace or substitute for any legal, accounting, investment, real estate, tax, or other professional advice, consultation, or service. Simply Do It and/or the owner(s) are not responsible nor liable for any damages arising from the use of the analysis info.