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Updated almost 4 years ago on . Most recent reply

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Matthew Farmer
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Kansas City Rental Investing: Roeland Park vs. Mission?

Matthew Farmer
Posted

Hi - I'm evaluating a property in Mission, KS that is very attractively priced. As I look at rental comps, I'm trying to figure out if the 3/2 marketing in Mission is as hot as Roeland Park. For example, I see some 1,500SQFT 3/2's in Roeland Park renting for +1,750 but I haven't found a comp like that in Mission...yet they literally neighbor each other and are pretty much identical. 

Would anybody have any experience to share if you could expect a Mission Kansas 3/2 rental to price somewhere close to 1,700 to 1,750 like what's going on in Roeland Park? 

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Matthew Farmer
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7
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Matthew Farmer
Replied

@Thomas Wheeler @Alex Olson

Very helpful insights! Thank you. Yes, it's a classic rectangle home..nailed it. What do you think - 10% discount to Roeland park< I.e. if something rents for 1750 in Roeland, something in similar condition in Mission would rent for ~1600 in Mission? Crazy..this part of mission I'm talking about is just one block west of Nall...which you can hit a pitching wedge to roeland. 

Let's just hope Mission becomes the next Roeland Park 5 years from now!  

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