Flood insurance in Kansas City Missouri

[Marcello Oliveri]

Hey everyone, does anyone know the regulations for flood insurance in Kansas City Missouri? I'm trying to run the numbers and I am about $200-220 a month cash flow after all expenses including PITI, vacancy rate, managment, maintenance and cap ex. Although, a little unsure about the insurance. I heard insurance was extremely expensive (possibly $200 a month) I'm unsure. I haven't checked with insurance companies yet but will asap! Just wondering if anyone knows if it's a shall from the city or a should. Also, average pricing for normal insurance and pricing for flood. This is all on a SFH 3 bed 1 bath. Thank you :)

[Marcello Oliveri]

Thx guys... I am closing escrow on 3 Properties next week. They don’t appear to be in a flood zone so I think I’m not to worried about paying for flood insurance. Hopefully, I won’t need it

Maybe you guys can tell me if you think I got a good deal.. let’s run some numbers.

Purchase price
1. $63k in independence (rents $800 month)

2. $64k in Raytown (rents $765 until June then I
would like to raise them to $850)

3. $64,700 in Kc (good area of 64134 above
Ruskin) (rents $830 and goes to $930 in June)

Tenants pay all utilities and my mortgage is 4.6% interest rate for 30 year.

#####THIS IS FOR $800 A MONTH RENTS####

-PITI approx $380 a month average for all 3
Properties.
-management $75 each property
-7% vacancy rate ($56 a month)
-13% maintenance ($83 a month)
-1% Incidentals ($8-10 a month)

-Leaves me about $150 a month.
-20% down is $12,800+3000 closing cost
-$15,800/$150X12=$1,800)= 11.9% ROI

Would anyone do this deal?
I thought that was pretty good

Most important! Did I do any math incorrectly?