kansas City B Neighborhoods

[Jason Malabute]

Are there any multi family real estate investors and multi family brokers that can help me determine the average 2 bedroom rent range, average 1 bedroom rent range, price per unit, and cap rates for the following Kansas City B neighborhoods:

SOUTH KANSAS CITY	64137
Excelsior Springs	64024
Kansas City	64131
Belton	64012
Downtown Kansas Ciity	64108
Grandview	64030
North Kansas City	64116
North Kansas City	64117
North Kansas City	64120
Ruskin Heights	64134
Kansas City	64129
Independence	64050
Independence	64051
Independence	64052
Independence	64053
Independence	64054

[Marc Edwards]

This is a very good question! The avg. rents for a an 2/1 apartment is around $875 or so depending to give you a good number to work with. A couple of sources that you can check out are www.rentometer.com or www.rentcafe.com The rents in Kansas city are increasing and in my opinion will continue to rise for the next few years. The cap rate varies especially in this market where wholesalers are acting like listing agents and asking retail prices. The cap rate is a nice number to look at but do not let that be the sole determining factor in your purchase. Sometimes it does not reflect the strength of the investment. The cap rate does not take in account certain things like leverage, future cash flow from forced appreciation and things like that. I would love to chat more with you. Looks like you have picked out some nice zip-codes.  I wish you the best with your investments!