This very spacious 3 bed, 2 bath home near Raytown MO would make a great investment property. Roof is 4 years old. Built in 1955, 1,408 sqft. Unfinished basement, Current tenant pays $735 and has been living there for 3 years and is on month to month lease. Market rent is around $900. ARV: $85k
Purchase Price $63,000
Estimated Rehab $8,000
All In: $71,000
Estimated Rent: $735
Insurance $50
Taxes $107
Management (10%) $74
Maintenance & Vacancy (5%) $37
Monthly Cash Flow $467
Net Operating Income $5,604
Cash On Cash Return 8%
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