Buy and Hold rental in Overland Park, KS

[Micah Thomas]

Investment Info:

Single-family residence buy & hold investment in Overland Park.

Purchase price: $130,000
Cash invested: $7,500

Purchased just as the market was starting to come back in 2014. It was a failed flip and had sat on the market. Since then, downtown OP has exploded with growth and new development. I refinanced to a 15 year in the fall of 2019 and the appraisal was $230,000. $100,000 of appreciation in 5 years!