Looking to buy a turnkey property?

**UPDATE AS OF 08/02/2018**  THIS PROPERTY IS CURRENTLY PENDING.   IF THE BUYER/CONTRACT FALLS THROUGH FOR WHATEVER REASON, I WILL REMOVE THIS MESSAGE AND KEEP THE POST UP.  I WILL DELETE THIS POST WHEN THE PROPERTY IS OFFICIALLY SOLD.

 

Looking to buy a turnkey rental property?

If so, you may be in luck.  I am officially selling my KC turnkey rental property after having it for almost 3 years. I will be listing it at 62k but want to offer it to my followers first at a discounted price of $59k (no realtors) before I list it on the MLS. If you are looking for a turnkey to purchase, it will be tough to find anything better than this and you will be cash flowing from day 1!

 

Property Details:

This property is a 2/1 (2 bedroom, 1 bath) 997 sq ft,  Single Family Home (SFH) rehabbed in 2015 with updated plumbing, electrical, water heater and HVAC. Current tenant signed a 2 year lease in FEB 2018 so you will not have a turnover in a while!  The tenant was properly qualified from the current PM and has no late payments.   **BONUS** – House comes with adjacent lot next door so you get two lots! Both lots are fenced in together making for a huge backyard. A great value!

 

Property Location:

The property is located in Independence, MO (suburb of KC) in a low crime area.  I would say its a solid C+ property in my personal opinion. Turnkey operators would market this as a B though because that is what they do. 🙂    Google these cross streets if you want to see the neighborhood its in:   Enter this in google   “S Evanston Ave, E 18th St S”

 

Numbers/ROI:

Here are what your numbers will look like based on my calculator using a conservative 10% expenses on PM, repairs and vacancy. Feel free of course to run your own numbers.

 

 

 

**Serious Inquiries Only** If you are interested in purchasing this from me, are ready to buy and actually have proof of funds or a pre-qualification letter to show me, send me an email at cashflowdiaries@gmail.com with it and I will give you more details/info and the address.

Please note the proof of funds/prequal letter is to weed out non serious buyers.

Grow your net worth today with your FREE Personal Capital account.

 

Why am I selling?

If you are wondering why I am selling it’s because I decided to concentrate all my efforts into Indianapolis and will be venturing into a new construction build here in Indy.  I need the money.

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Cash Flow Diaries

6 Comments

    • Thanks! That is the calculator given for free when you subscribe. Just a spreadsheet.

    • I have a few interested parties so far that have sent me proof of funds but no offers yet. Will probably list it on the MLS in a week.

      I’m not sure what the rates are these days on conventional mortgages. All mine are under 5% luckily.

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