OUR PROPERTIES

Before And After

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 Feet970
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
IncomeMonthlyAnnual
Gross Rent (range 995-1050)$950$11,400
Vacancy Losses (Estimate)-$76-$912
Operating Income$874$10,488
ExpensesMonthlyAnnual
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)MonthlyAnnual
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 Ratio80%
Loan Amount$92,000
Monthly Payment-$525.26
Ammortization Months360
Loan Term30
Interest Rate5.55%

Assumptions

Appreciation Rate3%
Vacancy Rate8%
Maintenance Rate0%
5yr Value$138,000
Profit If Sold$46,535

Included

1 Yr Maintenance Warranty$500

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