🏘🔥 SFH + Vacant Lot | Kansas City, MO | $70K Spread

Description

Address: 836 N Montgall Ave, Kansas City, MO 64120

This 2 bedrooms / 1 bathroom property + Vacant Lot makes sense for any rental investor! A large equity spread in the deal!

Deal Takeaways:

Includes 60×20 sqft Vacant LOT next to 836 N Montgall

House was completely updated in 2005 Including:

Electrical
Roof
HVAC
Water Heater
Cosmetic work needed like paint & carpet

Seller 30 day lease back at closing

Financials:

ARV: $140,000

Purchase Price: $69,300

Estimated Profit Details (Flipper/MLS Sale):

ARV: $140,000

(*) 94% for sale commissions

(-) $69,300 purchase price

(-) $20,000 rehab/make ready budget

(-) $5,000 closing / holding cost

(=) $37,300 profit

Estimated Rental Profit Details:

$1,094 estimated monthly rent

(-) $20 monthly tax

(-) $110 monthly insurance

(-) $110 property management

(-) $110 recommended allocation for repairs, vacancy, etc

(=) $744 a month

Property Details:

2 Beds / 1 Bath

960 Home Square Feet

1,086 Square Feet Lot Size

Year Built 1915