North Kansas City - Northland

[Brent Kiger]

I am trying to find some experience investors that own/manage property in the Northland area of Kansas City. I currently have some rentals in Independence, MO, however I am looking to expand with some SFR's in the Northland area, mostly next to World's of Fun and the Ford plant. I am curious if any experienced investors can weigh in on the rental market in this neighborhood, such as demand, tenant quality, rates etc. I've done some checking on rates and looks like a decent 3 bed 1 bath goes for 800 to 900. I wanted to see if that sounds accurate to any else experienced in this market.

This or any other type of insight would be helpful.

Thanks in advance,

Brent

[Andrew Syrios]

The northland is a big area, North Kansas City, Gladstone, Liberty, Claycomo, near the airport, etc. are all quite different from each other. Overall, though, it's a solid but unspectacular area (although again, it's very big and there are lots of differences, for example, in Platte County to the northwest, it can get very nice and quite expensive, and Zona Rosa is also quite nice too). Crime is generally low and the areas are generally stable (again, generally is key word here). The property and rent you described doesn't sound abnormal.