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Light Reno in Kansas City (KS)
Kansas City, KS 66102
Light Reno in Kansas City (KS)
Kansas City, KS 66102
0.0%
Year 1 caprate$0
10 year cashflow0.00%
10 year irrDetails
- Lot size5,227
- Rentable Sq.Ft1,248
- $/Rentable Sq.Ft$119
- Monthly rent$1,395
- Safety deposit$1,395
- Estimated reserve$10,000
- Lease start2024-01-01
- Lease end2024-12-31
- HoaNo
- Flood zoneNo
COMING SOON - FIGURES SUBJECT TO CHANGE
Long-term investors stand to benefit from the following factors:
- Low going-in basis for both single family homes in a metro with a strong rental demand
- Accessibility to a growing employment base in a highly affordable market
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Neighborhood
Niche grades and rankings use rigorously analyzed data and user opinions to assess the key aspects of this neighborhood.
Overall neighborhood score:
Kansas City, 66102
Cost Of Living
Good For Families
Good For Young Professionals
Housing
Jobs
Public Schools
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Financials
| Income | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
|---|---|---|---|---|---|
| Rental revenue | $16,740 | $17,410 | $18,106 | $19,583 | $23,826 |
| Vacancy | ($1,004) | ($1,045) | ($1,086) | ($1,175) | ($1,430) |
| Operating revenues | $15,736 | $16,365 | $17,020 | $18,408 | $22,396 |
| Expenses | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| HOA fees | ($0) | ($0) | ($0) | ($0) | ($0) |
| Insurance | ($1,076) | ($1,108) | ($1,141) | ($1,211) | ($1,403) |
| Utilities | ($202) | ($208) | ($214) | ($227) | ($263) |
| Leasing fee | ($575) | ($598) | ($622) | ($673) | ($819) |
| Property mgmt | ($1,259) | ($1,309) | ($1,362) | ($1,473) | ($1,792) |
| Real estate taxes | ($2,442) | ($2,503) | ($2,578) | ($2,735) | ($3,171) |
| Repairs maintenance | ($502) | ($1,045) | ($1,086) | ($1,175) | ($1,430) |
| Operating expenses | ($6,056) | ($6,771) | ($7,003) | ($7,494) | ($8,878) |
| Net Operating Income | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| Operating revenues | $0 | $0 | $0 | $0 | $0 |
| Operating expenses | $0 | $0 | $0 | $0 | $0 |
| Net operating income | $0 | $0 | $0 | $0 | $0 |
| Caprate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Other income & expenses | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| Share mgmt | ($1,491) | ($1,536) | ($1,582) | ($1,678) | ($1,946) |
| Mortgage payments | $0 | $0 | $0 | $0 | $0 |
| Other income & expenses | ($1,491) | ($1,536) | ($1,582) | ($1,678) | ($1,946) |
| Cash flow & yield | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| Cash flow | $0 | $0 | $0 | $0 | $0 |
| Cash yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Acquisition equity
| Down payment | ($148,000) | |||
|---|---|---|---|---|
| Title insurance | ($1,480) | |||
| Debt costs | ||||
| Acquisition fee | ($7,500) | |||
| Home buyer inspection | ($500) | |||
| Leasing fee | ($1,395) | |||
| Reserves | ($10,000) | |||
| Stabilization costs | ($1,477) | |||
| Total | ($170,352) | |||
Disposition proceeds
| Estimated sale price | $254,121 | |||
|---|---|---|---|---|
| Disposition fee | ($2,541) | |||
| Other disposition costs | ($5,082) | |||
| Year 10 mortgage balance | ($0) | |||
| Total | $246,497 | |||