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Archived about 5 years ago

$260,000

3 bd ba

XXX Mclain, Kirkwood, MO 63122

Residential SFR Needs Repairs Off MLS

Current Rent **

$1

Projected Rent **

N/A

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Posted By:

Daniel Dawson

Kirkwood NEEDS REHAB $45K+ Profit

Address: 517 Mclain, Kirkwood 63122

Details: plans approved for renovations to kitchen, bathrooms as well as finishing basement off with the option of including a 3rd bathroom in the basement. We have already done the new hvac, electrical rough in, plumbing rough in started, sump pump, header done to open kitchen into living room, new roof, "German smear" exterior paint design, repairs to foundation wall and framing started to finish basement. This street is amazing all the homes are charming, brick and cottage feel. Very rarely does any home come up for sale on this street.

Bedrooms: 3 bedrooms
Bathrooms: 1.5 currently but build plans include doing 3rd bath in finished basement if so chosen.

Rehab: $50K left depending on finishings. This is using a GC with a 20% fee included so if someone didn't use GC they can shave some off.
Comps: for these amazing brick homes comps range in the $375K-$395 range. We were going to put up for $395K

HUGE PROFIT OF $45K+++

Location:

XXX Mclain, Kirkwood, MO 63122

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.