2/2 rental market in Overland Park area of Kansas

[Account Closed]

Looking for 3-4 bdrm home in Overland Park area of Kansas as first SFH rental property. Don't want to rehab, though. Finding that most properties are not giving good cash on cash ROI. 2/2 homes that have been recently rehab'd seem to analyze more favorably using the rent calculator on BP. These homes are much older (50-75yr). In general are older, smaller homes really just money pits dressed in fancy clothes?

[Rich Kniss]

@Account Closed, if you don't want to rehab, you'll have to find another way to build equity into the deal, so you can move on to the next one. I like the smaller, older homes. Watch out for aluminum wire if it was built in the 60's. On numbers of beds, two bedroom tenants are more transient than 3 bedroom tenants.

Good luck, and welcome to BP.

Rich