
Missouri
This property is in the Kansas City MO market. We were able to secure it and renovate, adding a signed lease for occupancy shortly after the property was finished. Take a look at the before/after pictures below, as well as the rehab scope of work & the investor figures at the very bottom!
Street View


Kitchen


Living Room


Rehab Scope of Work
- Rock wall repair
- Front steps repair
- HVAC service
- Add door under front porch
- Gutter repair
- Exterior paint
- Plumbing repairs
- New stove, countertops, and remodel
- Paint interior
- New countertops
- Add GFCI & electrical repair
- New lighting
- New doorknobs & stops
- Basement cleanup
- Landscaping
1 year performance projection
Square Feet | 970 |
Market Value | $120,000 |
Purchase Price | $115,000 |
Downpayment | $23,000 |
Closing Costs & Fees | $3,000 |
Initial Cash Invested | $26,000 |
Cost Per Square Foot | $119 |
Monthly Rent Per S/F | $0.98 |
Income | Monthly | Annual |
Gross Rent (range 995-1050) | $950 | $11,400 |
Vacancy Losses (Estimate) | -$76 | -$912 |
Operating Income | $874 | $10,488 |
Expenses | Monthly | Annual |
Mortgage Payment | -$525.26 | -$6,303.07 |
Property Taxes | -$58 | -$690 |
Insurance | -$75 | -$897 |
Management | $76 | $912 |
Maintenance (Estimate) | $0 | $0 |
Operating Expenses | -$582 | -$6,978 |
Net Performance (Day 1) | Monthly | Annual |
Net Operating Income | $292 | $3,510 |
Debt Paydown | $100 | $1,197 |
Total Return | $392 | $4,707 |
Concession | |
Cash Return (Actual Year 1) | 17.01% |
Cash Return (Estimated w/ Vacancy) | 13.50% |
Cash Return (Year Over Year) | 17.01% |
Mortgage Info
Loan-to-Value Ratio | 80% |
Loan Amount | $92,000 |
Monthly Payment | -$525.26 |
Ammortization Months | 360 |
Loan Term | 30 |
Interest Rate | 5.55% |
Assumptions
Appreciation Rate | 3% |
Vacancy Rate | 8% |
Maintenance Rate | 0% |
5yr Value | $138,000 |
Profit If Sold | $46,535 |
Included
1 Yr Maintenance Warranty | $500 |

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