Kansas City Investment Deals

cash flow deal in Kansas city

2008-08-22T22:36:00.000-07:00

5737 College Avenue, Kansas City, MO 64110

$248 per month Positive Cash Flow!
4 Bed 1 Bath
Rent: $725 per month
(Market Rent)

Asking Price: $60,000
After Repair Value: $75,000
Equity: $15,000 (20%)

Cash Flow Analysis

Loan Amount: $48,000 (20% down)
Annual Mortgage Interest Rate: 7%
Mortgage Term: 30 years
Monthly Mortgage Payment (PITI): $403.51*
Rent: $725
Property Management Fees: $72.50
Cash Flow: $248.99 per month

Cash Flow: $248 net cash in your pocket every month, property management fees already taken into consideration!

Two bedrooms and one bathroom downstairs. Two more bedrooms upstairs with skylights. Tiled kitchen and bath. Built-in pantry in the kitchen. Washer and dryer hook up in the kitchen on the first floor. The house is right next door to newer and larger home subdivision. Private driveway. Spacious fenced back yard. Nice curb appeal. Nice neighborhood.

Property located within the Kansas City Missouri's Neighborhood Improvement Program. For more information on the benefits of this government revitalization effort please click here.

Key Anchors/Amenities

University of Missouri Kansas City (UMKC)
Rockhurst University
New McDonald and retail currently under construction
Newer larger homes right next door (see photos below)
Park, tennis court, baseball field nearby
Church's Chicken, Family Dollar, convenient store
Near highway, ten minutes drive to downtown Kansas City
Research Hospital & Research Hospital Brookside
New Landing Mall – Payless Shoe Store, etc.
US Bank, Walgreens, Subway, Wendy’s, McDonald, Popeye, Radio Shack, Auto Zone, Aldi, BP
Police KCMO Metro Patrol Division and Fire Department

Click on map to view larger image

Other Information about 5737 College

Subdivision: Keck Grove
Year Built: 1940
Total Sq Ft: 1120
Lot Size: 8276 sf
County: Jackson
Total 2007 Taxes: $510
Stories: 2
Basement: Crawl space
Dining: Eat in
Heating: Forced air gas
Cooling: Central electric

Sold Comparables

MAP	ADDRESS	BEDS	BATHS	SQ FT	SOLD DATE	SOLD PRICE
A	5842 BELLEFONTAINE	2	1	864	01/07/2008	$58,026
B	3603 E 57TH ST	3	1	1420	12/20/2007	$57,192
C	5702 ASKEW AVE	2	1	939	12/06/2007	$67,428
D	5436 S BENTON AVE	1	1	942	12/05/2007	$92,500
E	3614 E 57TH ST	3	1	978	12/04/2007	$101,745
F	6033 INDIANA AVE	2	1	832	11/29/2007	$63,574
G	5515 AGNES AVE	2	1	1468	11/20/2007	$122,127
H	3010 E 60TH ST	2	1	833	11/14/2007	$70,024

This home $ per sq ft: $53.57
Comps average $ per sq ft: $78.14

Click on the following links for:

Neighborhood and Property Photos

5737 College Street View

Note: All currency in US Dollars.

Please contact us for more information and to make an offer.

Local 816-799-3718

Toll Free 1-877-696-6575

info@vantagerei.com

Great Deal In Kansas City

2008-08-20T19:13:00.000-07:00

214 S. Benton Avenue, Kansas City, MO 64130

$276 per month Positive Cash Flow!
3 Bed 1 Bath
Rent $800 per month
(Section 8)

Asking Price: $65,000
After Repair Value: $85,000
Equity: $20,000 (23.5%)

Cash Flow Analysis

Loan Amount: $52,000 (20% down)
Annual Mortgage Interest Rate: 7%
Mortgage Term: 30 years
Taxes: $671, Insurance: $500
Monthly Payment (PITI): $443.54
Rent: $800
Property Management Fees: $80
Cash Flow: $276.46 per month

Cash Flow: $276 net cash in your pocket every month, property management fees already taken into consideration!

Large family and living room, large kitchen. Dining room with walk out double door to patio facing spacious back yard, gazebo in back yard, full basement. Convenient location near Research Hospital and Highway 71. Nice and quite residential area. Large master bedroom with plenty of closet space and built in shelves. On prestigious South Benton Avenue. Brand new bathroom, carpet, flooring, double pane windows, furnace, water heater, alarm system, partially new roof.

Property located within the Kansas City Missouri's Neighborhood Improvement Program. For more information on the benefits of this government revitalization effort please click here.

Key Anchors/Amenities

Research Hospital & Research Hospital Brookside
New McDonald and market currently under construction
New Landing Mall – Payless Shoe Store, etc.
US Bank
Walgreens
Subway, Wendy’s, McDonald, Popeye
Radio Shack, Auto Zone, Aldi, BP
Police KCMO Metro Patrol Division and fire department
University of Missouri Kansas City (UMKC)
Rockhurst University

Click on map to view larger image

Other Information about 6214 S. Benton

Subdivision: Jost Plaza
Year Built: 1950
Total Sq Ft: 1144
Lot Size: 8712 sf
County: Jackson
Total 2007 Taxes: $671
Story: 1
Basement: Full, concrete
Floor Plan: Ranch
Heating: Central gas
Cooling: Central electric

Sold Comparables

MAP	ADDRESS	BEDS	BATHS	SQ FT	SOLD DATE	SOLD PRICE
A	2809 E MEYER BLVD	3	2	1298	05/29/2008	$88,420
B	6132 S BENTON AVE	3	1	917	05/23/2008	$61,018
C	6426 INDIANA AVE	3	1	1505	05/09/2008	$114,355
D	6324 INDIANA AVE	3	1	1242	04/28/2008	$87,588
E	3001 E 65TH ST	2	1	924	01/31/2008	$79,135
F	6241 AGNES AVE	4	1	1481	01/09/2008	$70,000
G	6319 S BENTON AVE	2	1	912	12/27/2007	$120,414
H	6304 COLLEGE AVE	2	1	1002	12/21/2007	$72,352
I	6119 S BENTON AVE	4	1	1372	12/11/2007	$79,135

This home $ per sq ft: $56.81
Comps average $ per sq ft: $75.11
You save $18.30 per sq ft!