Analyse and Advice my first Investment

[Kiran R.]

I have been reading forums and blogs on BiggerPockets for over a month, and now I am almost ready to make my first investment. My goal for next five years is to generate passive income to cover my monthly expenses. With that context can you please review the numbers, give your feedback and advice.

This is an out of state investment, with a Turnkey provider. This a town home(with HOA) in Kansas City, MO. Would love to hear from experts/locals about the market too.

These are not the numbers from turnkey provider, they showed way more ROI than my numbers below.

[Brant Richardson]

Kansas City has a huge spectrum of properties. Whether this is a decent deal or not would be highly dependent on location. The numbers would look very similar to what I shoot for there except mine don't have an HOA fee. I look for a rent to purchase ratio of 1.5% which you have, but I would want better to cover the HOA. This gets hard to find as you get into better neighborhoods and is very easy to find in worse neighborhoods. Is it a single family 3/1 renting for 900 (preferable)or a cheap duplex 400-500 each unit?

What is the address? If you dont want to give the address, then when you look at this property up on Zillow what is the Zestimate, Zrent and Great schools ratings? Not that Zillow is highly accurate.

I have an awesome realtor in Kansas City who also runs rehabs and property management for out of state investors. Let me know if you want his contact info.