Specialist · Denver, CO · Member since 2017 · 60 posts · 137 votes
7y
@Craig Hunter It's a bit difficult to offer an opinion without a bit more background on your goals for this investment, its actual location, etc. It looks like it cash flows, but it also looks like you are gaining any equity on the front end.
Seattle, WA · Member since 2017 · 73 posts · 13 votes
7y
I am not in KC, but only 1% growth in your assumptions just feels low to me. Sort of surprising too that the property value is only going from $85k year 1 to $114k year 30 (based on growth assumptions).
Just double/triple check your numbers and bounce rent prices off of several sources to be certain (Craigslist, Padmapper, Zillow, Rentometer, etc.).