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Turnkey Property in Kansas City, MO
Raytown, MO 64133
Turnkey Property in Kansas City, MO
Raytown, MO 64133
6.2%
Year 1 Cap Rate$180,218
10 yr cash flow8.06%
10 yr IRRDetails
- Lot size7,405
- Rentable Sq.Ft1,152
- $/Rentable Sq.Ft$152
- Monthly rent$1,395
- Safety deposit$1,395
- Estimated reserve$3,500
- Lease start2024-11-05
- Lease end2025-11-15
- HOAYes
- Flood zoneNo
Introducing a fully renovated, turnkey rental property in the desirable Raytown suburb, just outside Kansas City. This investment comes with an existing tenant, offering immediate cash flow without the hassle of renovations or tenant searches.
Raytown’s proximity to Kansas City, along with its good schools, low crime rates, and suburban charm, makes it highly attractive to renters seeking a balance of affordability and quality of life.
Located in a B+ rated neighborhood, just 15 minutes from downtown Kansas City, this property offers investors a low-maintenance, high-potential opportunity in a stable 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:
Raytown, 64133
Cost Of Living
Good For Families
Good For Young Professionals
Housing
Jobs
Public Schools
Weather
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Financials
| Income | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
|---|---|---|---|---|---|
| Rental revenue | $16,740 | $17,326 | $17,932 | $19,210 | $22,815 |
| Vacancy & Collection Loss | ($837) | ($866) | ($897) | ($961) | ($1,141) |
| Operating revenues | $15,903 | $16,460 | $17,035 | $18,250 | $21,674 |
| Expenses | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| HOA fees | ($101) | ($104) | ($107) | ($113) | ($131) |
| Insurance | ($933) | ($961) | ($990) | ($1,050) | ($1,217) |
| Utilities | ($0) | ($0) | ($0) | ($0) | ($0) |
| Leasing Fee | ($279) | ($289) | ($299) | ($320) | ($380) |
| Property management | ($1,020) | ($1,020) | ($1,020) | ($1,020) | ($1,084) |
| Real estate taxes | ($1,849) | ($2,695) | ($2,776) | ($2,945) | ($3,414) |
| Repairs and maintenance | ($837) | ($866) | ($897) | ($960) | ($1,141) |
| Operating expenses | ($5,019) | ($5,935) | ($6,089) | ($6,408) | ($7,367) |
| Net Operating Income | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| Operating revenues | $15,903 | $16,460 | $17,035 | $18,250 | $21,674 |
| Operating expenses | ($5,019) | ($5,935) | ($6,089) | ($6,408) | ($7,367) |
| Net Operating Income | $10,884 | $10,525 | $10,946 | $11,842 | $14,307 |
| Cap Rate | 6.2% | 6.0% | 6.3% | 6.8% | 8.2% |
| Other income & expenses | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| SHARE management | ($1,319) | ($1,359) | ($1,399) | ($1,485) | ($1,721) |
| Mortgage payments | $0 | $0 | $0 | $0 | $0 |
| Other income & expenses | ($1,319) | ($1,359) | ($1,399) | ($1,485) | ($1,721) |
| Cash flow & yield | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| Cash flow | $9,565 | $9,166 | $9,547 | $10,357 | $12,586 |
| Cash yield | 5.0% | 4.8% | 5.0% | 5.4% | 6.5% |
Acquisition Equity
| Down payment | ($175,000) | |||
|---|---|---|---|---|
| Title insurance | ($2,625) | |||
| Debt costs | ||||
| Acquisition fee | ($7,500) | |||
| Home Buyer Inspection | ($1,000) | |||
| Leasing Fee | ($2,096) | |||
| Reserves | ($3,500) | |||
| Stabilization costs | ($603) | |||
| Total | ($192,324) | |||
Disposition Proceeds
| Estimated sale price | $273,771 | |||
|---|---|---|---|---|
| Disposition fee | ($2,738) | |||
| Other disposition costs | ($5,475) | |||
| Year 10 mortgage balance | ($0) | |||
| Total | $265,558 | |||
