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Updated almost 10 years ago on . Most recent reply

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Josiah Mosley
  • Bank Teller/Personal Finance Educator
  • Columbus, OH
4
Votes |
50
Posts

Duplex property in Kansas City

Josiah Mosley
  • Bank Teller/Personal Finance Educator
  • Columbus, OH
Posted

I was wanting some feedback about a duplex in Kansas City that I am wanting to potentially house hack. Does it seem like a good deal? Obviously can't see much because there is only one picture.

http://www.realtor.com/realestateandhomes-detail/3425-Indiana-Ave_Kansas-City_MO_64128_M83385-42646?row=1

Most Popular Reply

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1,870
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777
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Aaron Montague
  • Rental Property Investor
  • Brookline, MA
777
Votes |
1,870
Posts
Aaron Montague
  • Rental Property Investor
  • Brookline, MA
Replied

@Josiah Mosley

It looks like a good investment or house hack.  It exceeds the 2% rule.

How is the neighborhood?  Do you want to live there?

One side will cover your PITI easily unless the taxes in KC are strangely high.

Do your research, as this place certainly looks like a good buy.

Bring all the numbers back and I'll give you my financial view on the place:

Taxes

Sewer and Water

Trash

Heat/Utilities

HOA/Legal

Cap Ex and Ops

Insurance

Mgmt Fee

Vacancy

  • Aaron Montague
  • Loading replies...