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Updated over 7 years ago,
Deal: KCMO Wholesale Rental Properties:All in 30-40k COC 20%+.
Hello Investor Friends,
Kansas City is a great rental market with COC returns of 20%+. I have wholesale rental Properties in Kansas City All in for 30-40k with Cash on Cash Return of 20%+. Most properties currently have tenants. Yes! I am looking for cash buyers who are able to close Quickly. Yes! All transactions will be through local title Company. Yes! I also have referrals for contractors, property management companies, etc.
Please Contact me if you are interested in the deal below or if you would like to be placed on my Cash buyers list.
Check out this deal!
(Available)
2715 Brooklyn (adjacent to police station)
Kansas City, MO
3 Bed 1 bath
Currently Section 8 Occupied.
$700 a Month
Asking price $30000.
COC: 20%+
Property Sits adjacent to recently built police station ( Police station in the back ground)
Purchase Price | $30,000 | Price to seller plus your fee |
Estimated Rehab | $1,000 | Cosmetic |
All In: | $31,000 | auto populated |
Estimated Rent: | $700 | Currently renting for $700 Section 8. |
Insurance | $50 | I keep this at $50 |
Taxes | $25 | Check Zillow or county records. This is the monthy amount |
Management (10%) | $70 | 10% of rent |
Maintenance & Vacancy (5%) | $35 | 5 % of rent |
Monthly Cash Flow | $520 | auto populated |
Net Operating Income | $6,240 | auto populated |
Cash On Cash Return | 20% | The Cap Rate is different in all areas: -20%+ for the hood and bad parts of Independence (D/F class areas) -13% + for Raytown, South KC, Grandview and good parts of Independence (B/C class areas) -10%+ for nicer areas like Blue Springs, Lees Summit, Raymore, Overland Park, Brookside…etc (A class areas) |
For More information
Call, text or email
Courtney Miller
816-797-2764