3822 East 68th St, Kansas City, MO 64132

3 bed/2 bath, 1089 sq ft

 

About the project

An excellent BRRRR opportunity. East 68th Street is in the Foxtown East neighborhood. It’s well-sized at 1089 square feet with 3 bedrooms and 2 baths. Renovation is virtually complete – just needs mechanicals installed – HVAC, HWH and A/C. A fourth bedroom is roughly framed out in the basement which could make this an inexpensive value-add and boost to the rent.

We estimate there is approximately $17,200 equity upon installation of the mechnicals. This should deliver healthy cash-on-cash returns following your cash-out refinance.

Price:                              $89,500

Renovation:                  $8,000

Total All In:    $97,500

Rent:                                $975/mo

Property Mgmt (10%):   $98

Insurance:                       $44

Taxes:                               $75

Maintenance (5%):         $49

Vacancy (7%):                 $68

Total Expenses:              $334

NOI per month:              $641

Cap Rate:                         7.9%

GRM:                                 8.33

Comps*:                           $114,700

* Comps are NOT a guarantee, but an estimation of after repair value (ARV)