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 |
NEW BOOK
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