S. Crysler Dr, Independence, MO 64055

3 bed/2 bath, 1500 sq ft

 

About the project

An excellent BRRRR opportunity. S Crysler is in Independence MO on the border of Raytown, a high-in-demand neighborhood. It’s well-sized at 1000 square feet with 3 bedrooms and 2 baths. This BRRRR is very equity-advantaged at only 76% of the ARV. We estimate there is more than $35,000 equity upon renovation beyond the all-in purchase price. This should deliver healthy cash-on-cash returns following your cash-out refinance.

Price:                              $79,500

Renovation:                  $35,000

Total All In:    $114,500

Rent:                                $1,200/mo

Property Mgmt (10%):   $120

Insurance:                       $61

Taxes:                               $78

Maintenance (5%):         $60

Vacancy (7%):                 $84

Total Expenses:              $403

NOI per month:              $797

Cap Rate:                         8.5%

GRM:                                 7.95

Comps*:                           $150,000

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