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Archived about 1 year ago

$160,000

3 bd 1 ba 1152 sqft

1941 Tennyson Ave, Kansas City, KS 66104

Residential SFR Off MLS

Current Rent **

N/A

Projected Rent **

$1,750

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Posted By:

Kelby Kraft

Investor
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Turn Key Owner Finance Home

Fully renovated ready for investor to close! We will also find a buyer to owner finance this property on a fixed 30 year note with buyer also putting typically $10-15k cash down. We have sold over 200 owner finance deals for our investors the past 2 years. This strategy allows for a fixed return, with zero maintenance or tenant turn over. I can send you financial details explaining typical return of 20% annual cash on cash return. This option allows for a more predictable rate of return with all maintenance being the buyers responsibility. We sell these mostly on lease options for 30 years or a contract for deed where our investor holds title and will give title to owner finance buyer once the property is paid off. With putting 20% down on a conventional or DSCR loan plus closing costs we are looking at approximately $30,000 cash out of pocket- after buyer puts their $10,000 projected cash down.

Location:

1941 Tennyson Ave, Kansas City, KS 66104

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.