I am selling my townhome in I Grandview. It has been remodeled. It is listed on mls for 65k. I will sell to an investor for 56k. The property is rented for 800 per month. Real estate taxes are $840.0 per month. I calculated that a person can get $250.0 positive cash flow with a 15 year mortgage with 20% down payment. You can get $190.0 per month cash flow on a ten year loan. I purchased the property this summer with the intention of selling once rehabbed and rented.You can find pictures on zillow or you can email me. The townhome attached to this property is on mls for $69,500.0. You can buy both to get twice the cash flow. $125,500.0 for 1600 per month in rents.
Curious, $10K/yr Prop tax on $65K? Are property taxes that high in all of MO, or just this county?
@Shannon Witters the property taxes on this townhome are $840.0 per year.
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