7127 Lafayette Ave

Kansas City, KS 66109
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3 bd, 3 ba | 3,016 sqft | Built in 1954

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List Price
$299,900

Initial Investment

$81,723

Purchase Price

$299,900

Down Payment

25%

Rent

$1,700

Total Return

$86,084

Annualized Return

14.2%

Cap Rate

3.8%

Gross Yield

6.8%

Cash Flow

-$5,774

Appreciation

6.8%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

15,246

HOA

None

Flood Risk

Not Required

Must see this 3 bed 2.5 bath well kept home in Wyandotte County! This home has so much to offer with it's large windows that allow lots of natural light into the living room and dining room, beautifully updated kitchen with stainless appliances(built in microwave over built in oven, stove top and dishwasher, large kitchen island and kitchen island seating, two fireplaces(one on the upper floor in the living room and one in the basement family room), finished basement that adds substantial square footage and non conforming bedroom in basement with walk in closet. If you like to entertain, there's plenty of room on the large double deck and large fenced in back yard or enjoy relaxing with a book and a glass of wine in the closed in sun porch with skylight. The home also boast of a new roof, gutters and recently updated main floor and basement bathrooms.

See more in Analysis
Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852

Annual Financial Highlights

Expected Rent

$19,380

Expenses

-$3,450

Property Taxes

-$5,400

Loan Payments

-$16,304

Net Cash Flow

-$5,774

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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Listing Courtesy of:Mark Patterson
Agent License 2007027974
Vylla Home
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceHeartland MLS
MLS #2518059
Last Updated: 11/01/2024 13:11
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