Price reduction in Kansas City, MO [code: 402]
- Price recently reduced by $4,000
- Property has been on the market for over 45 days. Great opportunity for negotiation!
- Good local school district
- New Carpet and paint
- Fully fenced large back yard. Perfect for families and pets
- No (low) crime area
- Easy access to I-169 and highway
- Walking distance to local elementary school
- 9,500+ sq. foot lot
Why should you consider this house / what makes it a good investment?
- Built: 2001
- Size: 2,431+ sq ft sitting on a 9,500+ square foot lot
- Quiet residential street, Desirable community, great schools
- Little to no updates needed
|Schools Rating (on scale of A-F)||B|
|Purchase Assumptions||My Offer|
|Offer used for analysis||$321,000|
|Suggested offer (low)||$318,000|
|Suggested offer (high)||$321,000|
|Market Value (after improvements)||$325,000|
|Other Fees At Closing||$0|
|Property Tax Rate (Approx.)||1.4%|
|Property Management Fee||$143||$1,712|
|Total Fixed Expenses||$733||$8,794|
|Total Expenses (Fixed + Mortgage)||$1,801||$21,606|
|Financial Analysis / Deal Attractiveness|
|Net Cash Flow||$14,759||$37,721||$69,741||$111,761|
|Average Cash Flow/Year||$2,952||$3,772||$4,649||$5,588|
|Average Cash Flow/Month||$246||$314||$387||$466|
|Projected Property Value||$395,412||$481,079||$585,307||$712,115|
|Property Ratings Suggestions|
|Item||Suggested Criteria (Min.)||This Property||FAVORABLE /|
|Average Cash Flow (at year 5)||$125||$246||FAVORABLE|
|Average ROI (at year 5)||15%||24.9%||FAVORABLE|
Metro: Kansas City
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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.