OUR PROPERTIES

Before And After

Missouri

This property is in a suburb of Kansas City MO. We were able to secure it and renovate, adding a signed lease for occupancy before 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

  • Fence repair
  • Wood repair back deck
  • Gutter repair
  • New exterior lighting
  • New shutters
  • Front door repair
  • Sheetrock repair
  • New electrical
  • New light fixtures
  • New hardware throughout the home
  • 5 new doors
  • Bathroom remodel (2)
  • Flooring repair
  • New trim
  • New smoke alarms
  • HVAC service

1 year performance projection

Square Feet1,206
Market Value$160,000
Purchase Price$160,000
Downpayment$40,000
Closing Costs & Fees$2,000
Initial Cash Invested$38,000
Cost Per Square Foot$156
Monthly Rent Per S/F$1.41
Concession$3,200
IncomeMonthlyAnnual
Gross Rent (range 995-1050)$1,450$17,400
Vacancy Losses (Estimate)-$116-$1,392
Operating Income$1,334$16,008
ExpensesMonthlyAnnual
Mortgage Payment-$700.29-$8,403.45
Property Taxes-$120-$1,440
Insurance-$104-$1,248
Management$98$1,176
Maintenance (Estimate)$0$0
Operating Expenses-$1,022-$12,267
Net Performance (Day 1)MonthlyAnnual
Net Operating Income$312$3,741
Debt Paydown$125$1,503
Total Return$437$5,244
Concession$3,200
Cash Return (Actual Year 1)21.48%
Cash Return (Estimated w/ Vacancy)17.89%
Cash Return (Year Over Year)13.23%

Mortgage Info

Loan-to-Value Ratio75%
Loan Amount$120,000
Monthly Payment-$700.29
Ammortization Months360
Loan Term30
Interest Rate5.75%

Assumptions

Appreciation Rate3%
Vacancy Rate8%
Maintenance Rate0%
5yr Value$184,000
Profit If Sold$50,220

Included

1 Yr Maintenance Warranty$500

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